Mr. James Lumley reports
MOONBOUND MINING CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
Moonbound Mining Ltd., further to its news release from Jan. 18, 2024, has closed a private placement offering and issued 4,493,334 common shares at a price of 30 cents per common share for gross proceeds of $1,348,000. The company expects to close an additional tranche of the private placement offering on or before the end of March, 2024.
In connection with the closing, the company also issued 196,700 share purchase warrants and paid a cash finders' fees totalling $59,010 to certain finders. Each finders' warrant will entitle the holder to purchase one common share at a price of 30 cents and has an expiry of two years after the closing.
All securities issued pursuant to the offering will be subject to a four-month hold period from the date of closing.
The company intends to use the net proceeds of the offering for advancing its projects and general working capital.
About Moonbound Mining Ltd.
Moonbound Mining is a mineral exploration company which currently has two exploration projects and is seeking to acquire additional mineral exploration properties. The current projects include the Yak property, located in northwestern British Columbia, and the Strathmore property, which includes seven mining licences located in Namibia.
We seek Safe Harbor.
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