8SX0:FRANKFURT Blue MOON Closes Oversubscribed $1.1 Million Financing
MOON:TSX-V
BMOOF:OTCQB
8SX0:FRANKFURT
BLUE MOON CLOSES OVERSUBSCRIBED $1.1 MILLION FINANCING
July 5 , 20 21 – Blue Moon Metals Inc. (TSXV: MOON; OTC QB: BMOOF) (the “ Company”)
announces it has closed a $1,127,446 non-brokered private placement and is now funded for its
upcoming drill program on its 100% owned Blue Moon polymetallic VMS project in the United
States. The financing is at a price of $0.0 6 per unit (the “Unit”) with each Unit consisting of one
common share and one common share purchase w arrant (a “Warrant”). Ea ch 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.
“Blue Moon is pleased to have s ecured the funding for our upcoming drill program that should
include resource expansion and high-impact step-out opportunities. We are planning a summer
drill program and will update our shareholders shortly on timing and objectives of the 2021
drilling campaign.” Commented Patrick McGrath, CEO of Blue Moon.
The common shares forming part of the Units and any shares issued upon the exercise of the
Warrants are subject to a hold period that expires on October 31, 2021. The Company paid
finder’s fees totaling $ 50,832 and issued 847,200 finder’s warrants under the private
placement. Each finder’s warrant is exercisable to acquire one common share at $0.12 per
share until Ju ne 30, 2024.
About Blue Moon Metals
Blue Moon M etals (TSX.V: MOON; OTC QB: BMOOF) is currently advancing its Blue Moon
polymetallic deposit which contains zinc, gold, silver and copper. The property is well located
with existing local infrastructures 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. The deposit is open at depth and along strike. The Blue
Moon 43-101 Mineral Resource includes 7.8 million inferred tons at 8.07% zinc equivalent (4.95%
zinc, 0.04 oz/t gold, 0.46% copper, 1.33 oz/t silver), containing 771 million pounds of zinc,
300,000 ounces of gold, 71 million pounds of copper, and 10 million ounces of silver. The 43-101
Mineral Resource report dated November 14, 2018 was authored by Gary Giroux, P. Eng., and
Lawrence O’Connor, a QP, and entitled “Resource Estimate for the Blue Moon Massive Sulphide
Occurrence”. The 43-101 and related press release with details on the resource are availabl e on
the company’s website and were filed on www.sedar.com on November 20, 2018. The Company
also holds 100% of the Yava polymetallic project in Nunavut that is in the same volcanic
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lithologies and south of Glencore’s Hackett River deposit. More information is available on
the company’s web site (www.bluemoonmetals.com).
Qualified Persons
John McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101,
has reviewed the scientific and technical information that forms the basis for this press release.
For more information, please contact:
Patrick McGrath, CEO
1-832-499-6009
Investor Contact:
Kevin Shum
Investor Relations
+1-647-725-3888 ext 702
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Resource estimates included in this news release are forward-looking statements. Although the Company believes the
expectations expressed in such forward -looking statements are based on reasonable assumptions set forth in the
relevant technical report and otherwise, such statements are not guarantees of future performance and actual results
or developments may differ materially from those in the forward -looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include market prices for commodities, the results
of future exploration, uncertainties related to the ability to obtain necessary permits, licenses and titles, changes in
government policies regarding mining, continued availability of capital and financing, and general economic, market
or business condition s. Investors are cautioned that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those projected in the forward -looking statements.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date
it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future events or otherwise, except as required
by applicable securities laws.
The securities referenced in this news release have not and will not be registered under the U.S. Securities Act of 1933
and may not be offered or sold in the United States absent registration or an applicable exemption from registration
requirements.