Blue Moon closes $1.3-million financing

Executive Summary

• Blue Moon Metals Inc. has closed a C$1.3 million equity financing with existing shareholders Leonhard Nilsen & Sonner AS and Hartree Partners LP.
• The company issued 181,127 common shares for total gross proceeds of $1,305,563.41.
• Proceeds are designated for underground development at the Nussir project in Norway, pending final TSX Venture Exchange approval.

Key Details

• Transaction Type: Private placement / Equity financing closing.
• Investors: Leonhard Nilsen & Sonner AS and Hartree Partners LP (both existing shareholders).
• Shares Issued: 181,127 common shares.
• Gross Proceeds: $1,305,563.41.
• Use of Proceeds: Underground development at the Nussir project in Norway.
• Regulatory Status: Subject to final approval from the TSX Venture Exchange.
• Fees: No finders' fees were paid.
• Share Restrictions: Common shares are subject to a statutory four-month-and-one-day hold period.

Notable Quotes

• None provided in the text.