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The latest announcement is out from Muzhu Mining Ltd. ( (TSE:MUZU) ).
Muzhu Mining Ltd. has announced a non-brokered private placement to raise up to $500,000 through the issuance of 6,250,000 units at $0.08 per unit. The funds will be utilized for general working capital and to advance the company’s exploration projects. The offering is subject to approval by the Canadian Securities Exchange, and a finder’s fee will be paid in accordance with CSE policies. This move is expected to bolster Muzhu’s financial position and support its ongoing exploration activities, potentially enhancing its market presence and stakeholder value.
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 option agreements to acquire up to 80% of properties in Henan Province, China.
Average Trading Volume: 74,645
Technical Sentiment Signal: Hold
Current Market Cap: C$3.32M
See more insights into MUZU stock on TipRanks’ Stock Analysis page.