Mustang Energy Corp. Announces Non-Brokered Flow-Through Private Placement

Executive Summary

• Mustang Energy Corp. announced a non‑brokered private placement of 2,000,000 flow‑through units (FT Units) for aggregate gross proceeds of C$180,000 at C$0.09 per unit.
• Each FT Unit consists of one common share and half of a transferable warrant exercisable at $0.15 per share for two years after closing.
• Proceeds are earmarked for Canadian exploration expenses on the Company’s uranium and critical‑mineral projects, with renunciation commitments equal to the gross proceeds.

Key Details

• Offering Size: 2,000,000 FT Units → C$180,000 gross proceeds (C$0.09 per FT Unit).
• Unit Composition:
• 1 common share issued on a flow‑through basis (FT Share).
• ½ transferable common share purchase warrant (FT Warrant); each whole warrant allows purchase of one common share at $0.15 for two years post‑closing.
• Use of Proceeds: To incur “Canadian exploration expenses” and “flow‑through critical mineral mining expenditures” as defined in the Income Tax Act, to be renounced by Dec 31 2025 in an amount not less than the gross proceeds.
• Finder: Red Cloud Securities Inc., acting as finder; finder’s fees payable per CSE policies and applicable securities laws.
• Closing Conditions: Subject to receipt of all required regulatory approvals (including CSE). Hold period on issued securities: four months plus one day from issue date. Anticipated closing by Dec 31 2025.
• Regulatory Disclaimer: Offering not registered in the United States; no solicitation or offer to U.S. persons.

Notable Quotes

“We are pleased to secure additional capital to advance our exploration program across key Athabasca Basin assets,” – Nicholas Luksha, CEO and Director. (quoted from the release)