Muzhu Mining arranges $425,000 private placement

Executive Summary

• Muzhu Mining Ltd. has arranged a non-brokered flow-through private placement of 4.25 million units for gross proceeds of $425,000.
• Each unit consists of one flow-through common share and one non-transferable share purchase warrant, with proceeds designated for Canadian mineral exploration projects.
• The offering is subject to Canadian Securities Exchange approval and includes a four-month hold period for all distributed securities.

Key Details

• Transaction Structure: Non-brokered flow-through private placement.
• Units Sold: 4.25 million units.
• Price Per Unit: $0.10 CAD.
• Gross Proceeds: $425,000 CAD.
• Unit Composition: Each unit comprises one flow-through common share and one non-transferable share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.14 CAD per share.
• Warrant Duration: Three-year exercise period.
• Hold Period: All securities are subject to a four-month hold period from the date of issue.
• Regulatory Status: Offering is subject to approval by the Canadian Securities Exchange.
• Fees: Fees payable in cash, warrants, or a combination thereof may be payable to eligible individuals.
• Use of Proceeds: Canadian mineral exploration projects.

Notable Quotes

• None provided in the text.