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Glorious Creation Ltd. ( (TSE:MEC) ) has issued an update.
Mustang Energy Corp. announced the closing of a non-brokered private placement, issuing 6,275,000 units at $0.20 per unit, raising $1,255,000. The proceeds will be used for corporate expenses, investor relations, and exploration, strengthening its financial position and supporting its resource exploration activities in Canada.
More about Glorious Creation Ltd.
Mustang Energy Corp. is a resource exploration company specializing in the development of uranium and critical mineral assets. It is actively engaged in exploring properties in Northern Saskatchewan, Canada, with a significant focus on the Athabasca Basin, including its flagship property, Ford Lake.
YTD Price Performance: -8.93%
Average Trading Volume: 476,001
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$12.26M
Learn more about MEC stock on TipRanks’ Stock Analysis page.