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Day: December 28, 2024

Mustang Energy Corp. Raises Aggregate Gross Proceeds of $3,552,950 After Closing the Second Tranche of Financing

Written by Customer Service on . Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 27, 2024 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased to announce that, further to its news releases of November 25, 2024 and December 16, 2024, it has completed the second tranche of its non-brokered private placement for aggregate gross proceeds of C$1,404,700, pursuant to which it sold the following (together, the “Offering”):450,000 non-flow through common shares in the capital of the Company (each, a “Share”) at a price of C$0.25 per Share for gross proceeds of C$112,500 from the sale of the Shares; and 4,455,862 critical flow-through common shares of the Company (each, a “FT Share”, and collectively with the Shares, the “Offered...

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