Mustang Energy Corp. is pleased to announce a non-brokered private placement for aggregate gross proceeds of C$180,000 from the sale of 2,000,000 critical flow-through units of the Company at a price of C$0.09 per unit. Each unit will consist of one common share issued on a “flow-through” basis and one half of one transferable common share purchase warrant. The Company intends to use the proceeds for resource exploration expenses. The Closing is subject to regulatory approvals, with securities issued under the Offering subject to a hold period. Mustang Energy Corp. is focused on acquiring and developing high-potential uranium and critical mineral assets in Canada.

Read more at GlobeNewswire: Mustang Energy Corp. Announces Non-Brokered Flow-Through