MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
VANCOUVER, BC, Sept. 23, 2021 /CNW/ - Mineral Mountain Resources
Ltd. ("Mineral Mountain" or the "Company") (TSXV:
MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) announces a correction to its
press release dated September 10, 2021 regarding the
warrant exercise price issued in connection with a
non-brokered private placement (the "Private
Placement").
Each Unit consists of a common share (each a "Share") in
the capital of the Company and one transferable common share
purchase warrant (a "Warrant"). Each Warrant entitles the
holder to purchase one additional Share of the Company (a
"Warrant Share") at a price of $0.30 per Warrant Share for a period of one year,
subject to an accelerated expiry provision.
The Units, Shares and Warrant Shares will be subject to
applicable resale restrictions, including a four month hold period
from date of closing of the Private Placement under applicable
Canadian securities laws. Completion of the Private Placement is
subject to regulatory approval, including approval of the TSX
Venture Exchange.
The Company will use the proceeds from the Private Placement to
fund the September 1st,
2021 annual renewal fees of the Company's BLM (Bureau of Land
Management) mineral claims located in Pennington and Lawrence
Counties and general administrative expenses.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
"Nelson W.
Baker", President and CEO
Forward looking information
This release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation
("Forward-looking information"). Forward-looking information
includes, but is not limited to, statements that address
activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans
and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government
regulation of exploration and mining operations, environmental
risks, title disputes or claims, limitations on insurance coverage,
timing and possible outcome of any pending litigation and timing
and results of future resource estimates or future economic
studies.
Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "planning",
"planned", "expects" or "looking forward", "does not expect",
SOURCE Mineral Mountain Resources Ltd.