By Sheri Kasprzak
New York, Dec. 2 - Blue Note Metals Inc. said it intends to raise up to C$2.5 million in a non-brokered private placement.
The offering includes up to 8,333,333 flow-through shares at C$0.30 each.
Proceeds will be used for exploration on the company's New Brunswick properties, including its Canoe Landing Lake property.
Based in Montreal, Blue Note Metals is a mineral exploration company.
| Issuer: | Blue Note Metals Inc.
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| Issue: | Flow-through shares
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| Amount: | C$2.5 million (maximum)
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| Shares: | 8,333,333 (maximum)
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| Price: | C$0.30
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| Warrants: | No
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| Placement agent: | Non-brokered
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| Pricing date: | Dec. 2
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| Stock price: | C$0.27 at close Dec. 2
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