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Blue Moon Announces Resumption of Trading, Graduation to Tier 1 on the TSX Venture Exchange and Completion of Share Consolidation Following Transformational Acquisitions
Globenewswireยท2025-03-13 22:24

Core Viewpoint - Blue Moon Metals Inc. is set to resume trading on the TSX Venture Exchange on March 14, 2025, following its graduation from Tier 2 to Tier 1 issuer status and the consolidation of its shares [1][3][4]. Group 1: Trading Resumption and Consolidation - Trading of Blue Moon Shares was halted on November 27, 2024, due to the announcement of acquisitions, which were completed on February 26, 2025 [2]. - The company will consolidate its shares on a basis of ten pre-consolidation shares for one post-consolidation share, resulting in approximately 51,109,248 shares outstanding post-consolidation [4]. Group 2: Acquisitions and Financing - Blue Moon has acquired Nussir ASA and Nye Sulitjelma Gruver AS, and also all shares in Repparfjord Eiendom AS, along with related infrastructure for aggregate mining [2]. - The company completed approximately $35.4 million in equity financing at a price of $3.00 per share post-consolidation, with significant participation from its mining contractor [2]. Group 3: Tier 1 Issuer Status - The graduation to Tier 1 issuer status on the TSXV indicates that Blue Moon meets higher standards of financial performance and development stage, benefiting from reduced filing requirements and improved service standards [3].