Mustang Announces Closing of Second Tranche of Non-Brokered Private Placement

Core Points - Mustang Energy Corp. has successfully closed the second tranche of its $3,000,000 non-brokered private placement, raising gross proceeds of C$976,843.40 [1][4] - The proceeds from the second tranche will be utilized for exploration of uranium projects in the Athabasca Basin and for general working capital [4][8] - The company issued various units including NFT Units, FT Units, and Charity FT Units, with specific pricing and terms for each type [3][8] Financial Details - The second tranche included the sale of 125,000 NFT Units at C$0.14 each, generating C$17,500.00; 814,200 FT Units at C$0.165 each, generating C$134,343.00; and 3,510,640 Charity FT Units at C$0.235 each, generating C$825,000.40 [8] - Finder's fees were paid to Red Cloud Securities Inc. totaling C$62,440.48 in cash and 281,599 Finder's Warrants, along with additional fees to other firms [6] Company Overview - Mustang Energy Corp. is focused on the discovery and development of uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [8][9] - The company aims to build long-term value through responsible exploration and a focus on high-impact targets in underexplored areas [9]