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Blue Moon Metals Inc V.MOON

Alternate Symbol(s):  BMOOF

Blue Moon Metals Inc. is a Canadian mineral exploration and development company. The Company is focused on its 100% owned advanced-stage Blue Moon polymetallic project. It is advancing its Blue Moon polymetallic deposit, which contains zinc, gold, silver and copper. The Blue Moon Deposit is located in east central California within Mariposa County in the Foothills. The property is accessible by gravel roads off a nearby paved highway. There are active mines in the region, and it was part of the original California gold rush. The property is well located with existing local infrastructure, including paved highways three miles from the site, a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service center of Reno.


TSXV:MOON - Post by User

Post by GenHandgrenadeon Aug 29, 2024 12:52pm
204 Views
Post# 36201466

The Latest news from their Website

The Latest news from their WebsiteBlue Moon Provides Update on Private Placement August 21, 2024 – Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) announces that, further to its news release of August 15, 2024, its private placement of 26,400,000 common shares (the “Common Shares”) at a price of $0.035 per Common Share is fully subscribed (the “Private Placement”). The Private Placement will be relying upon exceptions permitted by the TSX Venture Exchange in order to issue the Common Shares at less than $0.05 per Common Share. It is anticipated that proceeds from the Private Placement will be utilized as follows: Blue Moon Project, which expenditures are expected to include permitting, a geological review, engineering studies and/or geophysics (approximately 60%) and with the remaining amount for general working capital, including regulatory, legal, and other fees associated with closing the Private Placement (approximately 40%). None of the proceeds raised will be used to pay “Non-Arm’s Length Parties” or to fund “Investor Relations Activities” (as each is defined in the policies of the TSX Venture Exchange). The Private Placement is scheduled to close on or about August 30, 2024, and is subject to certain customary conditions, including but not limited to, receipt of TSX Venture Exchange conditional acceptance. The Common Shares will be subject to a statutory hold period of four months and one day from the date of issuance. There are no warrants and no finders’ fees contemplated with the Private Placement. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. About Blue Moon Metals Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver a
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