- Mountain Boy Minerals Ltd. (MTB) announced non-brokered private placements of flow-through (FT) and non-FT units
- Each FT unit will be sold for $0.13, and non-FT units of Mountain Boy for $0.12 per unit
- Mountain Boy will use the proceeds for the exploration of its projects in British Columbia
- It has six active projects spanning 650 square kilometres Golden Triangle area
- Mountain Boy Minerals Ltd. (MTB) is up 4.54 per cent, trading at $0.11 per share as of 2:54 p.m. EST
Mountain Boy Minerals (MTB) announced non-brokered private placements of flow-through (FT) and non-FT units.
Each FT unit will be sold at a price of $0.13, and non-FT units of Mountain Boy for $0.12 per unit.
An FT unit will consist of one common share and one common share purchase warrant. Each non-FT unit will consist of one common share of the company and one warrant.
A single warrant will entitle the holder thereof to purchase one common share at a price of $0.18 for two years after the issue date.
Mountain Boy intends to use the proceeds to explore its projects in northern British Columbia. It has six active projects spanning 650 square kilometres Golden Triangle area.
Its American Creek Project is north of a past-producing copper-gold mine. The BA Property has 182 drill holes that have outlined a substantial zone of silver-lead-zinc mineralization.
The Surprise Creek Project is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold, and base metals.
On the company’s Theia project, a silver-bearing mineralized trend has been outlined to be 500 metres long. The Southmore Project confirmed multiple occurrences of gold, copper, lead, and zinc.
Lastly, a recent field program on the Telegraph Project provided evidence for the presence of a cluster of porphyrys.
Mountain Boy Minerals Ltd. (MTB) is up 4.54 per cent, trading at $0.11 per share as of 2:54 p.m. EST.