Mountain Boy has upsized its previously announced non-brokered private placement from $1 million to $1.3 million.
The offering will close on December 30, 2021.
Each FT unit consists of one flow-through share and one half of one common share purchase warrant.
Units are priced at $0.17. Each warrant will entitle the holder to purchase one common share at a price of C$0.26 for a period of 24 months following the closing date.
Mountain Boy has also arranged a non-brokered private placement of units for gross proceeds of $150,000.
Each unit will consist of one common share and one half of one common share purchase warrant. This will entitle the holder to purchase one common share of Mountain Boy at C$0.20 for a period of 24 months after the closing date.
The closing of these offerings is subject to the receipt of all necessary regulatory approvals including the TSX Venture Exchange.
Mountain Boy is a Canadian mineral exploration company with six active projects in the Golden Triangle of northern BC.
Mountain Boy (MTB) is up 2.94 per cent at C$0.17 per share at 2:47 PM EST.