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Glorious Creation Ltd. ( (TSE:MEC) ) has issued an update.
Mustang Energy Corp. has launched a non-brokered flow-through private placement to raise C$180,000 through the sale of 2,000,000 flow-through units at C$0.09 each, with each unit comprising one flow-through common share and one-half of a common share purchase warrant exercisable at C$0.15 for two years. The proceeds will fund qualifying Canadian exploration and critical mineral mining expenditures on the company’s uranium and critical minerals projects in Saskatchewan’s Athabasca Basin, with Red Cloud Securities acting as finder; the financing, subject to Canadian Securities Exchange approval and standard hold periods, is expected to bolster Mustang’s exploration budget and advance its portfolio of high-potential assets.
More about Glorious Creation Ltd.
Mustang Energy Corp. is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets in Canada’s Athabasca Basin. Its flagship Ford Lake property spans 7,743 hectares in the eastern Athabasca Basin, complemented by the Cigar Lake East and Roughrider South projects in the Wollaston Domain and additional holdings at the Yellowstone and Dutton projects in the Cluff Lake and south-central Athabasca regions.
Average Trading Volume: 125,673
Technical Sentiment Signal: Sell
Current Market Cap: C$8.03M
For detailed information about MEC stock, go to TipRanks’ Stock Analysis page.