Blue MOON Announces Closing of $520,000 Financing
BLUE MOON ANNOUNCES CLOSING OF $520,000 FINANCING
February 14, 2018 – Blue Moon Zinc C orp. (TSXV: MOON; US OTC: BMOOF) (the “ Company”)
announces the Company has closed a non-brokered private placement of $520,000 at a price of
$0.10 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 $0.15 per share for a period of 24 months. Officers and directors
purchased 27% of the financing. All common shares issued are subject to a hold period expiring
four months and one day from closing in accordance with applicable securities l aws. A finder’s
fee of $5,500 was paid in connection with the financing.
Patrick McGrath, Chief Executive officer, stated, " The proceeds will be used to advance the
Company’s wholly-owned Blue Moon zinc project including finalizing the drill permit for t he
anticipated drill program and general working capital and continued marketing efforts."
In the event the closing price of the Company’s common shares exceeds $0.22 per share for ten
consecutive trading days, the Company may accelerate the date of the Warrants by giving notice
to the holders thereof and in such case the Warrants will expire on the 30th day after the day on
which such notice is given by the Company.
The Company also granted 200,000 stock options to consultants, each option being exercis able
for a five-year term at a price of $0.11 per common share. The options are governed by the terms
and conditions of the Company’s stock option plan.
About Blue Moon
The Company owns 100% of the Blue Moon polymetallic zinc deposit with significant credits of
copper, silver and gold. The deposit is open at depth and along strike and historical metallurgical
testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the
resource and summarizing metallurgical recove ries is available on the company’s website
(www.bluemoonmining.com) and filed on SEDAR on November 13, 2017. The Company plans to
advance the Blue Moon project through to feasibility, permitting and ultimately production.
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
For additional information related to communications, media relations and investor relations
please contact:
Terry Bramhall
1-604-833-6999
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 zinc, 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 conditions. 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.