Business
Blue Moon Announces $520,000 Financing
Blue Moon Announces $520,000 Financing Canada NewsWire VANCOUVER, Feb. 7, 2018 ...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"\n\n\n\nBlue Moon Announces $520,000 Financing\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 7, 2018\n\n\n\nVANCOUVER, Feb. 7, 2018 /CNW/ - Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the \"Company\") announces it has arranged a non-brokered private placement of $520,000 at a price of $0.10 per unit (the \"Unit) with each Unit consisting of one common share and one common share purchase warrant (a \"Warrant\"). Each Warrant shall entitle the holder thereof to acquire one common share at a price of $0.15 per share for a period of 24 months. In the event the closing price of the Company's common shares exceeds $0.22 per share for ten consecutive trading days, the Company may accelerate the date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the day on which such notice is given by the Company. Officers and directors will be participating in the financing. Proceeds of the financing will include the cost of finalizing the anticipated drill permit, general working capital and marketing of the Company. \n\nAbout Blue Moon\n\nThe Company owns 100% of the Blue Moon polymetallic zinc deposit with significant credits of copper, silver and gold. The deposit is open at depth and along strike and historical metallurgical testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company's website (www.bluemoonmining.com) and filed on SEDAR on November 13, 2017. The Company plans to advance the Blue Moon project through to feasibility, permitting and ultimately production.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Resource estimates included in this news release are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are ba...