- Mountain Boy Minerals (MTB) has announced a non-brokered private placement for gross proceeds of up to C$1,000,000
- The company will issue up to 5,882,353 flow-through units at $0.17 per unit
- Net proceeds will be used for the exploration of the company’s projects in the Golden Triangle of northern British Colombia
- Mountain Boy Minerals Ltd is an exploration company
- Mountain Boy Minerals Ltd. (MTB) is unchanged on the day, trading at C$0.17 per share at 4 pm EST
Mountain Boy Minerals (MTB) has announced a non-brokered private placement for gross proceeds of up to C$1,000,000.
The company will issue up to 5,882,353 flow-through units at $0.17 per unit. Each FT unit will consist of one common share and one half of one common share purchase warrant.
Each warrant will entitle the holder to purchase one common share at a price of $0.26 for a period of 24 months following the closing of the offering.
Net proceeds will be used for the exploration of the company’s projects in the Golden Triangle of northern British Colombia.
The closing of the offering is subject to receipt of all necessary regulatory approvals.
Red Cloud Securities Inc. will be acting as a finder in connection with the offering. Finder’s fees will be payable in accordance with the policies of the TSX Venture Exchange. All shares issued will be subject to a four-month hold period in accordance with applicable securities laws.
Mountain Boy Minerals Ltd is an exploration company with a large property portfolio of gold and silver projects in the prolific Golden Triangle of northern British Columbia.
Mountain Boy Minerals Ltd. (MTB) is unchanged on the day, trading at C$0.17 per share at 4 pm EST.