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Mineral Mountain Announces Non-Brokered Private Placement
Mineral Mountain Announces Non-Brokered Private Placement Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Mineral Mountain Announces Non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MMV-TSX-V\n \n \n \n \n \n MNRLF-OTCQB\n \n \n \n \n \n M8M:FRANKFURT\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 22, 2021\n \n /CNW/ - Mineral Mountain Resources Ltd. (\"\n \n Mineral Mountain\n \n \" or the \"\n \n Company\n \n \") (TSXV: MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) is pleased to announce a non-brokered private placement of up to 35,000,000 units (the \"Units\") at a price of\n \n CDN$0.18\n \n per unit for gross proceeds of up to\n \n CDN$6,300,000\n \n . Each Unit consists of one common share and one common share purchase warrant (\"Warrant\"). Each Warrant can be exercised for one year at\n \n CDN$0.35\n \n per share.\n \n \n \n \n \n \n \n \n \n The private placement is subject to approval of the TSX Venture Exchange and the securities will be subject to a four month hold period under Canadian securities laws. Net proceeds from the financing will be used to complete a fully permitted\n \n 9,000m\n \n drill program to test the down plunge extension of\n \n 200m\n \n wide by\n \n 1800m\n \n long Standby Mine gold zone, for drill permitting applications to test the newly acquired King of the West Trend (NR,\n \n June 28, 2021\n \n ) and for general working capital.\n \n \n The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange.\n \n \n \n About the Standby Mine Gold Target\n \n \n \n All geologic, geophysical and drill results to date suggest a Homestake ledge-type target exists at Standby and is potentially of large scale. Mineral Mountain's goal is to extend the Standby Mine gold mineralization down-plunge through systematic step-out drilling along strike and down-plunge in the Upper Tail to discover an\n \n \n Ore Centroid\n \n \n at depth.\n \n \n Approximately 50,000-60,000 tons of ore were mined historically from the Stan...