Business
Blue Moon Metals Announces $120,000 Financing, Stock Consolidation and Director Resignation
VANCOUVER, British Columbia, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) announces it has arranged a non-
About this update from Blue Moon Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) announces it has arranged a non-brokered private placement of $120,000. The proceeds will be for the general working capital of the Company and for the annual sustaining costs of being a public issuer. The financing is at a price of $0.01 per share on a pre-consolidated basis, subject to regulatory approval. There are no warrants and no finders’ fees contemplated with the financing. Insiders of the Company are anticipated to participate in the financing. In addition, the Company wishes to proceed with a stock consolidation of one (1) new share for every ten (10) old shares, subject to regulatory approval. The Company currently has 148,080,995 common shares issued. Post consolidation, the Company will have approximately 14,808,100 common shares issued or approximately 16,008,100 common shares issued on closing of the proposed financing. The Company will not change its corporate name and the stock symbol will remain “MOON”. The Company continues to focus on the Blue Moon project and the stock consolidation provides greater flexibility in developing its plans. John McClintock has tendered his resignation as a director of the Company. The Company wishes to thank Mr. McClintock for his many years of service to the Company. About Blue Moon Metals Blue Moon Metals (TSX.V: MOON; OTCQB: BMOOF) is currently advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure including paved highways three miles from site; a hydroelectric power generation facility a few miles from site, three-hour drive to the Oakland port and a four-hour drive to service centre of Reno. A 43-101 resource report is available on the Company’s website and was filed on www.sedar.com on November 20, 2018. The Company also holds the Yava polymetallic project in Nunavut that is in the same volcanic lithologies and south of Glencore’s Hackett River deposit. More information is available on the company’s website (www.bluemoonmetals.com). For more information, please contact: Patrick McGrath, [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined ...