By Devika Patel
Knoxville, Tenn., Dec. 8 - Mustang Minerals Corp. said it increased a non-brokered private placement of stock to C$1.5 million from C$1 million. The deal priced Nov. 5, and the company said it has raised C$1.27 million in the first two tranches.
The company is selling flow-through common shares at C$0.13 per share.
Mustang raised C$700,505 by selling 5.38 million shares on Nov. 25. An additional C$567,450 was raised on Dec. 4 when the company sold 4.36 million shares.
Proceeds will be used for exploration and development.
Toronto-based Mustang Minerals explores for and develops mineral properties.
| Issuer: | Mustang Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Price: | C$0.13
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 5
|
| Upsized: | Dec. 8
|
| Settlement date: | Nov. 25 (for C$700,505), Dec. 4 (for C$567,450)
|
| Stock symbol: | TSX Venture: MUM
|
| Stock price: | C$0.13 at close Nov. 5
|
| Market capitalization: | C$10.2 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
