Blue Moon Provides Update on Private Placement
MOON:TSX-V
BMOOF:OTCQB
Blue Moon Provides Update on Private Placement
August 21, 2024 – Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”)
announces that, further to its news release of August 15, 2024 , its private placement of
26,400,000 common shares (the “ Common Shares”) at a price of $0.035 per Common Share is
fully subscribed (the “Private Placement”). The Private Placement will be relying upon exceptions
permitted by the TSX Venture Exchange in order to issue the Common Shares at less than $0.05
per Common Share.
It is anticipated that proceeds from the Private Placement will be utilized as follows: Blue Moon
Project, which expenditures are expected to include permitting, a geological review, engineering
studies and /or geophysics (approximately 60%) and with the remaining amount for general
working capital, including regulatory, legal, and other fees associated with closing the Private
Placement (approximately 40%). None of the proceeds raised will be used to pay “Non -Arm’s
Length Parties” or to fund “Investor Relations Activities” (as each is defined in the policies of the
TSX Venture Exchange).
The Private Placement is scheduled to close on or about August 30, 2024, and is subject to certain
customary conditions, including but not limited to, receipt of TSX Venture Exchange conditional
acceptance. The Common Shares will be subject to a statutory hold period of four months and
one day from the date of issuance. There are no warrants and no finders’ fees contemplated with
the Private Placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale
would be unlawful including any of the securities in the United States of America. The securities
have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the
United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under
the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration requirements is available.
About Blue Moon Metals
Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and
copper. The property is well located with existing local infrastructure including paved highways three
MOON:TSX-V
BMOOF:OTCQB
miles from site; a hydroelectric power generation facility a few miles from the site, a three -hour drive to
the Oakland port and a four-hour drive to the service centre of Reno. Zinc is currently on the USGS list of
metals critical to the US economy and national security. The Company also holds the Yava polymetallic
project in Nunavut that is in the same volcanic lithologies and south of Glencore’s Hackett River deposit.
More information is available on the company’s website (www.bluemoonmetals.com).
For more information, please contact:
Patrick McGrath, CEO
1-832-499-6009
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.
This press release contains certain forward -looking statements within the meaning of applicable securities law.
Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the forward -looking statements. The Company cannot
assure that actual results will be consistent with these forward-looking statements. They are made as of the date hereof
and are subject to change and the Company assumes no obligation to revise or update them to reflect new
circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking
statements. These factors include the inherent risks involved in the resource industry.