- Mountain Boy Minerals (MTB) has closed non-brokered private placements of flow-through and non-flow-through units
- The company issued 5,841,667 flow-through units and 582,000 non-flow-through units for total gross proceeds of $770,840
- Mountain Boy Minerals Ltd is an exploration company
- Mountain Boy Minerals Ltd. (MTB) opened trading at C$0.11
Mountain Boy Minerals (MTB) has closed its previously announced non-brokered private placements of flow-through and non-flow-through units.
The company issued 5,841,667 flow-through units and 582,000 non-flow-through units for total gross proceeds of $770,840. The funds will be used primarily for exploration on Mountain Boy’s Telegraph property in the Golden Triangle of British Columbia.
Lawrence Roulston, CEO, commented on the capital raise.
“These new funds, added to the existing working capital, puts Mountain Boy in a strong position to continue exploration on our Telegraph copper-gold property. The information gained from this year’s program will be integrated with the wealth of information from previous work to guide us in the next phase of work.”
All shares issued will be subject to a statutory four-month hold period.
Mountain Boy Minerals is an exploration company with six active projects spanning 650 square kilometres (64,960 hectares) in the prolific Golden Triangle of northern British Columbia.
Mountain Boy Minerals Ltd. (MTB) opened trading at C$0.11.
