MMV-TSX-V
MNRLF-OTCQB
M8M:FRANKFURT
VANCOUVER, BC, Sept. 10, 2021 /CNW/ - Mineral Mountain
Resources Ltd. ("Mineral Mountain" or the "Company")
(TSXV: MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) is pleased to announce
that, subject to the approval of the TSX Venture Exchange (the
"Exchange"), it has closed a non-brokered private placement
(the "Private Placement") issuing 1,333,340 Units (each a
"Unit") at a price of $0.15
per unit raising a total gross proceeds of $200,001.
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 $0.15 per Warrant Share for a period of one year,
subject to an accelerated expiry provision.
No finder's fee or commissions were paid in connection with the
Private Placement.
The Company will use the proceeds from the Private Placement to
fund the 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",
"continues", "scheduled", "estimates", "forecasts", "intends",
"potential", "anticipates", "does not anticipate" or "belief" or
describes a "goal" or variation of such words and phrases or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking
information is based on a number of material factors and
assumptions, including, the result of drilling and exploration
activities, that contracted parties provide goods and/or services
on the agreed timeframes, that equipment necessary for exploration
is available as scheduled and does not incur unforeseen break
downs, that no labour shortages or delays are incurred, that plant
and equipment function as specified, that no unusual geological or
technical problems occur, and that laboratory and other related
services are available and perform as contracted. Forward-looking
information involves known and unknown risks, future events,
conditions, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others,
the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; future prices of gold; possible variations in grade or
recovery rates; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour
disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of exploration, as well as those factors disclosed in the company's
publicly filed documents. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information.
SOURCE Mineral Mountain Resources Ltd.