Mineral Mountain Closes First Tranche of Private Placement
MMV-TSX-V
NEWS RELEASE NO. 2017 – 08 DECEMBER 07, 2017
MINERAL MOUNTAIN CLOSES FIRST TRANCHE OF
PRIVATE PLACEMENT
(Vancouver, December 7 , 201 7): Mineral Mountain Resources Ltd. (“ Mineral Mountain ” or the
“Company”) (TSXV: “MMV”) is pleased to announce that it has closed the first tranche of its non-
brokered unit (“Unit”) private placement (the “ Private Placement”) announced previously on October
24th, 2017 and has issued 11,130,000 units of the Company (“ Units”) at a price of C$0. 20 per Unit to
raise gross proceeds of C$ 2,226,000. Each Unit consists of one common share of the Company and one
common share purchase warrant (a “ Warrant”), with each Warrant entitling the holder to purchase one
common share of the Com pany (a “ Warrant Share”) for a period of two (2) years from closing at an
exercise price of C$0.35 per Warrant Share in the first year and C$0.50 per Warrant Share in the second
year, subject to the following accelerated expiry provision : i n the event tha t the Company ’s common
shares trade for a period of at least 20 consecutive trading days at a closing price equal to or in excess of
C$0.50 per share at any time after four months following closing of the Private Placement up to the end of
the first year term of the Warrants, the Company may accelerate the expiry date of the Warrants by giving
notice to the holders thereof and in such case, t he Warrants will expire on the 30th day after the date on
which such notice is given by the Company.
On October 24, 2017, the Company announced a Private Placement of up to 15,000,000 units (“Units”)
to be sold at a price of C$0.20 per Unit to raise gross proceeds of up to C$3,000,000. The Company has
received a 30 day extension from the TSX Venture Exchange (“TSXV”) to complete the closing of the
Private Placement.
A finder’s fee of 6% was paid to arm’s length third parties on a portion of the Private Placement.
The net proceeds raised from the Private Placement are intended to be used to expand the historic high
grade Standby Mine gold deposit down plunge and prove the Homestake Mine model exists in the
Rochford District, and, for corporate and general working capital purposes.
The securities issued pursuant to the Private Placement are subject to a hold period expiring on April 8,
2018 pursuant to applicable Canadian securities laws.
The Private Placement is subject to final TSXV approval.
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On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
“Nelson W. Baker”, President and CEO
For further information, please contact:
Brad Baker, Vice-President Corporate Development & Director
(778) 383-3975 [email protected]
Or visit our website: www.mineralmtn.com
Neither the TSX Vent ure Exchange nor its Regulation Services Provider (as such term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking information
This release includes certain statements th at may be deemed to be “forward -looking information” under
Canadian securities laws. All statements in this release, other than statements of historical facts, that
address events or developments that the Company expects to occur, constitute forward lookin g-
information. Forward looking information consists of statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “could” or “should” occur.
Although the Company believes the expectations expres sed in such forward -looking information are
based on reasonable assumptions, such information does not constitute guarantees of future performance
and actual results may differ materially from those in forward - looking information. Factors that cause
the a ctual results to differ materially from those in forward -looking information include gold prices,
results of exploration and development activities, regulatory changes, defects in title, availability of
materials and equipment, timeliness of government app rovals, continued availability of capital and
financing and general economic, market or business conditions. The Company cautions the foregoing list
of important factors is not exhaustive. Investors and others who base themselves on the Company's
forward-looking information should carefully consider the above factors as well as the uncertainties they
represent and the risk they entail. The Company believes that the expectations reflected in the forward -
looking information are reasonable, but no assurance ca n be given that these expectations will prove to
be correct. Please see the public filings of the Company at www.sedar.com for further information.