Blue Moon Secures C$1.3056M Financing and Signs US$200K Marketing Contract
Hartree Partners elected to subscribe for 12,613 Blue Moon shares at C$7.208 each, bringing total financing with Leonhard Nilsen & Sønner to 181,127 shares for gross proceeds of C$1.3056 million expected to close March 9 pending TSXV approval. Blue Moon engaged Outside The Box Capital for six-month marketing at a US$200,000 fee.
1. Financing Details
Blue Moon Metals announced that Hartree Partners exercised its pre-emptive right to subscribe for 12,613 common shares at C$7.208 each, complementing a Leonhard Nilsen & Sønner AS subscription to bring the total financing to 181,127 shares for gross proceeds of C$1.3056 million. Closing is expected on March 9 and is subject to TSXV approval.
2. Use of Proceeds
Net proceeds from the financing are earmarked for underground development at the Nussir copper-gold-silver project in Norway, supporting infrastructure upgrades and advanced exploration work to accelerate project timelines.
3. Marketing Engagement
The company engaged Outside The Box Capital for a six-month term starting March 9 to enhance investor awareness through social media planning, content creation and feature production, committing an upfront US$200,000 fee with no securities issued as compensation.