Mr. Lawrence Roulston reports
MOUNTAIN BOY CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT
Mountain Boy Minerals Ltd. has closed the non-brokered private placement announced on Nov. 27, 2019.
A total of 1.04 million flow-through shares were issued at an offering price of 25 cents per common share for gross proceeds to the company of $260,000. The gross proceeds from this offering of flow-through shares will be invested in eligible exploration expenditures in the province of British Columbia and certain B.C. residents may be eligible for additional income tax deductions making this offering's shares commonly referred to as superflow-through shares.
The common shares issued under this placement are subject to a four-month hold period until April 20, 2020. Finders' fees of 7.5 per cent in cash and 7.5 per cent in finders' warrants will be paid to eligible parties.
About Mountain Boy Minerals Ltd.
Mountain Boy Minerals 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 B.C.
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