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Blue Moon Announces $1 Million Financing for 2021 Drilling


Blue Moon Announces $1 Million Financing for 2021 Drilling
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE / May 25, 2021 / Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the
Company ) announces it has arranged a non-brokered private placement of $1 million to proceed with a drilling program on its 100% owned Blue Moon polymetallic VMS project in the United States. The drilling will be building on the successful results announced in 2019 and 2020 with a combination of resource expansion and step-out opportunities.
The financing is at a price of $0.06 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 $0.12 per share for a period of 36 months subject to an acceleration right if the common shares trade at $0.25 or higher for 10 consecutive days. The private placement is subject to regulatory approval. ....

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