Muzhu Announces Private Placement

Executive Summary

• Muzhu Mining Ltd. announced a non‑brokered private placement of up to 6,250,000 units at $0.08 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one non‑transferable warrant exercisable for two years at $0.12 per share, with an acceleration clause tied to the market price.
• Proceeds will be allocated to general working capital and to advance the Company’s exploration projects.

Key Details

• Units Offered: Up to 6,250,000 units @ $0.08 per unit.
• Total Potential Gross Proceeds: Up to $500,000.
• Unit Composition: 1 common share + 1 non‑transferable warrant.
• Warrant Terms:
• Exercise price: $0.12 per additional common share.
• Expiration: 2 years from issuance.
• Acceleration provision: If the Company’s shares trade ≥15 consecutive days at ≥$0.15, Muzhu may require exercise within 30 days; otherwise warrants expire.
• Use of Proceeds: General working capital and further development of exploration projects (Sleeping Giant South Project in Quebec; option agreements for Silver, Zinc, Lead XWG and LMM Properties; exploration agreement at WLG mine in China).
• Finder’s Fee: Paid to eligible finders in cash, shares and/or warrants per CSE policies.
• Hold Period: All securities subject to a hold period of four months and one day from closing date.
• Regulatory Approval: Offering and finder‑fee payment require CSE approval.

Notable Quotes

• “ON BEHALF OF THE BOARD OF DIRECTORS – Dwayne Yaretz, CEO” (no additional quote provided).