Group 1 - Muzhu Mining Ltd. announced a private placement of 1,259,000 units at a price of $0.10 per unit, resulting in gross proceeds of $125,900 [1] - Each unit consists of one common share and one non-transferable share purchase warrant, with warrants allowing purchase at $0.14 for the first year and $0.20 for the second year [1] - The warrants have an acceleration provision that allows for earlier expiry if the share price reaches $0.30 for 20 consecutive trading days after a four-month hold period [1] Group 2 - All securities from the private placement are subject to a four-month hold period from the date of issue, with proceeds allocated for working capital and exploration projects [2] - Muzhu Mining Ltd. holds a 100% interest in the Sleeping Giant South Project in Quebec and has agreements to acquire up to 80% of additional properties in China [3]
Muzhu Closes Private Placement
Thenewswire·2025-08-08 20:05