|August 01, 2017|
Field work Started North of Red Cliff Mountain Boy to Raise up to $1,000,000 in Non-Brokered Private Placement
|Stewart, BC -- Mountain Boy Minerals Ltd. (the "Company") is pleased to announce it is using its best efforts to complete a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of up to $1,000,000.|
The offering of non-flow-through units will be comprised of up to 5,000,000 units, at a price of $0.08 per unit, for gross proceeds of up to $400,000. Each unit will be comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.10 per share, for a two year period.
The flow-through offering will be comprised of up to 6,000,000 flow-through units, at a price of $0.10 per flow-through unit, for gross proceeds of up to $600,000. Each flow-through unit will be comprised of one flow-through common share and one non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.13 per share, for a two year period.
The proceeds from the sale of the non-flow-through units will be used for working capital purposes and proceeds from the sale of flow-through units will be used for field work north of the Red Cliff, drilling on the Red Cliff property, at the Ataman massive sulphide zone as well as the BA massive sulphide zone.
Finders' fees may be payable in connection with the private placement. Accredited brokers and sophisticated investors please call Rene Bernard at 1-250-878-8593 or Gary Asslay at 604-377-7969.
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings around the Stewart region in British Columbia's golden triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 43-101 compliant resource calculated. The Company is also exploring silver-base metals on its American Creek and Bear Valley properties as well as copper-gold on their Stewart area claims. For a complete listing of the Company assets and developments, visit the Company website at www.mountainboyminerals.ca. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DIRECTORS
MOUNTAIN BOY MINERALS LTD.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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