Blue Moon Metals Inc (BMOOF)

[jason sundar]

Blue Moon Announces $1 Million Financing for 2021 Drilling

05:31

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.