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Muzhu Mining Ltd. ( (TSE:MUZU) ) has provided an update.
Muzhu Mining Ltd. has successfully completed a private placement, raising $154,239 through the sale of 1,542,390 units. This increase from the initially planned 1,259,000 units reflects strong investor interest. The proceeds will support the company’s working capital and exploration projects in Canada and China. The transaction included participation from a company insider, qualifying as a related party transaction under MI 61-101, but exempt from certain regulatory requirements. The securities are subject to a four-month hold period, expiring on December 26, 2025.
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 and has options to acquire up to 80% of properties in Henan Province, China, focusing on silver, zinc, and lead exploration.
Average Trading Volume: 82,108
Technical Sentiment Signal: Buy
Current Market Cap: C$3.54M
Learn more about MUZU stock on TipRanks’ Stock Analysis page.