|October 27, 2017|
Mountain Boy to Raise up to $300,000 in Non-Brokered Private Placement
Not for distribution to U.S. news wire services or dissemination in the United States.
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 units to raise aggregate gross proceeds of up to $300,000.
The flow-through offering will be comprised of up to 3,000,000 flow-through units, at a price of $0.10 per flow-through unit, for gross proceeds of up to $300,000. 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 $0.12 per share, for a two year period.
The proceeds from the sale of the flow-through units will be used for drilling on the Red Cliff property, metallurgical studies on BA massive Sulphide zone at the Ataman massive sulphide zone as well as the Manuel Creek Zeolite.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
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.
You can view the Next News Releases item: Tue Oct 31, 2017, Drilling Intersects Visible Gold on the Waterpump Zone within the Red Cliff Project-Extends Montrose Zone by 150 m.
You can view the Previous News Releases item: Thu Oct 26, 2017, 14.93 g/t Gold over 8.38 m in DDH-17-MON-18 @ Montrose Zone/ Red Cliff project
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