Mountain Boy Increases Flow-Through Financing to $1,250,000

2020-07-15 / @thenewswire

(TheNewswire)

July 15, 2020 - TheNewswire - Vancouver, BC - Mountain Boy Minerals Ltd (“Mountain Boy” or the “Company”) (TSXV:MTB) (Frankfurt:M9UA) is pleased to announce that the previously announced $1 million Flow-through financing at $0.30 per Common Share on July 3rd will be increased to $1,250,000 and the financing is expected to close shortly.

Flow-through common shares are priced at $0.30 per common share (the “FT Offering”). The gross proceeds from the FT 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.

All securities will be subject to a four-month hold period from the date of closing. The Company may pay finder’s fees and Insiders may be participating in this offering.

The offering is subject to the approval of the TSX Venture Exchange and applicable laws.

On behalf of the Board of Directors:

Lawrence Roulston

President & CEO

(604) 687-3520

For further information, contact:

Nancy Curry

VP Corporate Development
(604) 220-2971

NEITHER 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.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.