Mustang Energy Corp. closed non-brokered private placement, raising $1,255,000 for corporate and exploration expenses.

From GlobeNewswire: 2025-02-21 17:54:07

Mustang Energy Corp. has successfully closed a non-brokered private placement, raising $1,255,000 through the issuance of 6,275,000 units at $0.20 per unit. Each unit consists of one common share and one common share purchase warrant, with a Warrant exercise price of $0.27 per share until October 21, 2025. The net proceeds from this offering will be used for corporate expenses, investor relations, and exploration expenditures. The securities were sold to purchasers in Canada and other qualifying jurisdictions under the Listed Issuer Financing Exemption. Mustang Energy Corp. is a resource exploration company focused on acquiring and developing uranium and critical mineral assets in Northern Saskatchewan, Canada.



Read more at GlobeNewswire: Mustang Announces Closing of Non-Brokered Private