Mountain Boy Arranges $250,000 Flow Through Share Offering
28 November 2019 - 12:50AM
Mountain Boy Minerals Ltd (“Mountain Boy” or the
“Company”) (TSX.V: “MTB”; Frankfurt:
“M9U”) announces that it has arranged a private placement
“Flow Through” common shares at $0.25 per share to raise $250,000
to fund additional exploration programs on its British Columbia
gold and silver properties located in the “Golden Triangle”.
Mountain Boy will issue 1,000,000 Flow Through
shares at $0.25 per share which will be eligible for a tax
deduction for Canadian income tax payers for the 2019 year. 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 British Columbia residents may be
eligible for addition income tax deductions making this offering’s
shares commonly referred to as “super” flow through shares.Insiders
may be participating in this offering and eligible finders may be
paid a commission for introducing investors to the Company. All
securities will be subject to a four month hold period from the
date of closing which is expected to be in approximately two
weeks.
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 British Columbia. In addition to the 35% Red
Cliff interest, Mountain Boy own 100 per cent of the high-grade
American Creek West project, and 100 per cent of the BA and
Surprise Creek volcanic massive sulphide (VMS)
copper-lead-zinc-silver projects. The Company has a significant
holding of shares of Ascot Resources Ltd. it received in return for
the sale of its 20% interest in the Silver Coin property. For a
complete listing of the Company assets and developments, visit the
Company website at www.mountainboyminerals.ca.
On behalf of the Board of
Directors:
Lawrence
RoulstonPresident & CEO(604)
914-2142
For further information, contact:Nancy CurryVP
Corporate Development (604) 220-2971
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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