Blue Moon Metals Inc. announced a non-brokered private placement of 12,000,000 shares at a price of CAD 0.01 per share for gross proceeds of CAD 120,000 on February 13, 2023. The transaction will be conducted on a pre-consolidated basis, subject to regulatory approval. There are no warrants and no finders' fees contemplated with the transaction.

Insiders of the company are anticipated to participate in the transaction. Upon closing of the transaction, the company will announce the effective date of the share consolidation of one new common share for every ten old common shares.