By Sheri Kasprzak
New York, Jan. 9 - Mustang Minerals Corp. said it has completed a private placement for C$3,022,223.
The company sold a total of 6,716,053 flow-through shares at C$0.45 each.
Octagon Capital Corp. was the placement agent for the offering, which was first announced Nov. 4 as a C$1.5 million deal comprised of 3,333,333 shares under the same terms.
Proceeds will be used for exploration on the company's Canadian properties.
Based in Toronto, Mustang is a mineral exploration company.
| Issuer: | Mustang Minerals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$3,022,223
|
| Shares: | 6,716,053
|
| Price: | C$0.45
|
| Warrants: | No
|
| Placement agent: | Octagon Capital Corp.
|
| Settlement date: | Jan. 9
|
| Stock price: | C$0.42 at close Jan. 9
|
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