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Muzhu Mining Ltd. ( (TSE:MUZU) ) has provided an update.
Muzhu Mining Ltd. announced a non-brokered flow-through private placement of 4,250,000 units at $0.10 per unit, raising $425,000. Each unit includes one flow-through common share and one non-transferable share purchase warrant, exercisable at $0.14 per share over three years. The funds will support Canadian mineral exploration projects, and the offering is pending CSE approval.
More about Muzhu Mining Ltd.
Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a portfolio of highly prospective projects at various stages of development. The company holds a 100% interest in the Sleeping Giant South Project in Quebec’s Abitibi Greenstone Belt and has options to acquire stakes in properties in China’s Henan Province.
Average Trading Volume: 76,715
Technical Sentiment Signal: Sell
Current Market Cap: C$3.1M
For an in-depth examination of MUZU stock, go to TipRanks’ Overview page.