Blue Moon Zinc Announces Shares for Debt Transaction
Blue Moon Zinc Announces Shares for Debt Transaction
December 5, 2019 – Blue Moon Zinc Corp. (TSX.V: MOON; OTC: BMOOF) (“Blue Moon”
or the “Company”) is pleased to announce a debt settlement agreement with a third party and
former officer and director whereby the Company will issue 400,000 common shares at a deemed
price of $0.05 per share to the creditor to settle $20,000. The issuance of the common shares to the
creditor is subject to the final approval of the TSX Venture Exchange, which conditional approval
has been obtained. The settlement price of $0.05 is a 100% premium over the last closing price of
the Company’s common shares. All securities issued will be subject to a four month hold period
which will expire on the date that is four months and one day from the date of issue.
About Blue Moon
Blue Moon (TSX.V: MOON; OTC: BMOOF) is currently advancing its Blue Moon polymetallic
deposit which contains zinc, gold, copper and silver with its joint venture partner . 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, which includes 771 million pounds of 4.95% zinc, 300,000
ounces of gold at 0.04 oz/t, 71 million pounds of 0.46% copper, and 10 million ounces of silver at
1.33 oz/t. The 43-101 was filed on www.sedar.com on November 20, 2018. The Company also
holds 100% of the Yava polymetallic project in Nunavut that is on strike to Glencore’s Hackett
River deposit. More information is available at www.bluemoonmining.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
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
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.