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Blue Moon Metals Announces Closing of US$5 Million Private Placement and Initial US$12.5 Million Draw Under Bridge Loan from Hartree/Oaktree to Advance Flagship Nussir Project in Norway
TORONTO, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (" Blue Moon " or the " C...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"Blue Moon Metals Announces Closing of US$5 Million Private Placement and Initial US$12.5 Million Draw Under Bridge Loan from Hartree/Oaktree to Advance Flagship Nussir Project in Norway\n\n\n\n TORONTO, Sept. 04, 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 closed its previously announced US$5 million non-brokered private placement of common shares of the Company with Opps XII BL MN Holdings L.P. (\"\n \n Oaktree\n \n \"), a fund managed by Oaktree Capital Management, L.P. (the \"\n \n Initial Equity Subscription\n \n \"). This represents the first subscription of an equity commitment of up to US$20 million from funds managed by Oaktree Capital Management, L.P. and Hartree Partners, L.P. (\"\n \n Hartree\n \n \"). The common shares issued pursuant to the Initial Equity Subscription are subject to a hold period expiring four months and one day from the issue date in accordance with applicable Canadian securities laws.\n \n\n The Company is also pleased to announce that it has received conditional approval from the TSX Venture Exchange (the \"\n \n TSXV\n \n \") for the previously announced arm's length bridge loan (the \"\n \n Bridge Loan\n \n \") with Oaktree and Hartree (the \"\n \n Lenders\n \n \", and each a \"\n \n Lender\n \n \") and Nussir ASA, a 93.55% owned subsidiary of the Company and Keystone Mines Inc., a wholly owned subsidiary of the Company, as borrowers, and Blue Moon Norway AS and Repparfjord Eiendom AS, each a wholly owned subsidiary of the Company, as guarantors (collectively with the Company, the \"\n \n Borrower Group Members\n \n \"). Pursuant to the Bridge Loan, upon satisfaction of certain conditions precedent, the Company may draw two installments of US$12.5 million. No finders fees are payable in connection with the Bridge Loan and the terms of such Bridge Loan are substantially consistent with those disclosed in the Company's news release dated August 19, 2025. As security for the Bridge Loan, the Borrower Group Members have granted the Lenders a security interest and a first-ranking lien over the assets comprising: (i) Nussir ASA's advanced stage sediment hosted development copper-gold-silver project located in northern Norway (\"\n \n Nussir\n \n \"); and ...