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Blue Moon Metals Announces C$60 Million Bought Deal Public Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"Blue Moon Metals Announces C$60 Million Bought Deal Public Offering\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (\"\n \n Blue Moon\n \n \" or the \"\n \n Company\n \n \") (\n \n TSXV: MOON\n \n ;\n \n OTCQX: BMOOF\n \n ), is pleased to announce that it has entered into a letter agreement with Scotiabank and Canaccord Genuity Corp., acting as joint bookrunners on behalf of a syndicate of underwriters, including Cormark Securities Inc. acting as co-lead underwriter (collectively, the “\n \n Underwriters\n \n ”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis from the Company, 18,200,000 common shares of Blue Moon (the “\n \n Common Shares\n \n ”) at a price of C$3.30 per Common Share for aggregate gross proceeds of C$60,060,000 (the “\n \n Offering\n \n ”).\n \n\n Blue Moon has granted the Underwriters an over-allotment option (the “\n \n Over-Allotment Option\n \n ”) to purchase, on the same terms and conditions of the Offering, up to an additional 15% of the Common Shares issued in connection with the Offering. The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time until and including 30 days after closing of the Offering. The maximum gross proceeds raised under the Offering will be C$69,069,000 in the event the Over-Allotment Option is fully exercised.\n \n\n The Offering is expected to close on or about October 1, 2025, and is subject to customary closing conditions, including all necessary stock exchange and other regulatory approvals.\n \n\n The net proceeds from the Offering are expected to be used to develop the Blue Moon project in California, confirm the ideal processing solution for the mineralized material from the Blue Moon project, additional exploration at the Blue Moon, Nussir and NSG projects, working capital, and general and administration and corporate activities, as further described in the Supplement (as defined below).\n \n\n In connection with the Offering, the Company intends to file a prospectus supplement (the “\n \n Supplement\n \n ”) to the Company’s short form base shelf prospectus dated September 2...