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Muzhu Mining Ltd. ( (TSE:MUZU) ) has shared an announcement.
Muzhu Mining Ltd. has successfully closed a private placement, raising $125,900 through the issuance of 1,259,000 units at $0.10 per unit. Each unit includes one common share and a non-transferable share purchase warrant, with proceeds earmarked for working capital and exploration projects. This financial move is expected to bolster Muzhu’s operational capabilities and support its ongoing exploration initiatives, potentially enhancing its market position and stakeholder value.
More about Muzhu Mining Ltd.
Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a diverse portfolio of 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 significant stakes in properties in China’s Henan Province, focusing on silver, zinc, and lead.
Average Trading Volume: 84,831
Technical Sentiment Signal: Buy
Current Market Cap: C$4.21M
For a thorough assessment of MUZU stock, go to TipRanks’ Stock Analysis page.