MOUNTAIN BOY CLOSES PRIVATE PLACEMENT
Mountain Boy Minerals Ltd. has closed its non-brokered private placement announced on Oct. 26, 2018.
A total of 640,000 units were issued at an offering price of 25 cents per unit for gross proceeds to the company of $160,000, as announced Nov. 19, 2018. Each unit consists of one common share of the company and one common share purchase warrant. Each whole warrant is exercisable for one common share of the company at a price of 30 cents for a period of two years until Nov. 19, 2020. The proceeds of the private placement are used for property exploration and general working capital. The common shares issued under this placement are subject to a four-month hold period until March 20, 2019. Insiders subscribed for 400,000 units for proceeds of $100,000.
About Mountain Boy Resources Ltd.
Mountain Boy Resources is a Canadian-based mineral exploration company with a property portfolio of gold and silver projects within the Stewart region in the very prolific Golden Triangle region of British Columbia.
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