Muzhu Mining Ltd. Raises Capital for Expansion

Muzhu Mining Ltd. (TSE:MUZU) has released an update.

Muzhu Mining Ltd. has announced a non-brokered private placement aimed at raising $150,000 through the issue of 3 million units at $0.05 each, with additional share purchase warrants. They also granted incentive stock options for purchasing up to 1.45 million common shares at $0.05, valid for five years. The capital raised will bolster the company’s working capital, amidst positive developments in their mining projects and the anticipation of a provisional license for their China property.

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