05:46:16 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Murchison Minerals Ltd (3)
Symbol MUR
Shares Issued 298,273,022
Close 2025-05-29 C$ 0.015
Market Cap C$ 4,474,095
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Murchison Minerals arranges $2-million financing

2025-05-30 10:26 ET - News Release

Mr. Troy Boisjoli reports

MURCHISON MINERALS ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT

Subject to all regulatory approvals, Murchison Minerals Ltd. intends to raise up to $2-million in a non-brokered private placement, with the proceeds directed toward the company's 100-per-cent-owned BMK project in Saskatchewan, working capital and administrative expenses.

Pursuant to the offering, the company will issue common shares at a price of 30 cents per common share and national flow-through shares at a price of 36 cents per national flow-through share, in any combination to raise aggregate gross proceeds of up to $2-million.

A finder's fee may apply to a portion of the proceeds raised under the offering in the amount of 6 per cent cash and 6 per cent finders' warrants. All securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue.

It is anticipated that Donald K. Johnson, a director and control person of the company, will acquire a certain number of hard-dollar shares under the offering to maintain his current ownership at around 30 per cent. Any such participation will be considered a related party transaction, as defined under Multilateral Instrument 61-101. It is anticipated that the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, based on a determination that the securities of the company are listed on the TSX Venture Exchange and that the fair market value of the offering, insofar as it involves interested parties, will not exceed $2.5-million or 25 per cent of the market capitalization of the company. The offering was approved by all independent directors of the company.

About Murchison Minerals Ltd.

Murchison is a Canadian-based exploration company focused on the exploration and development of the 100-per-cent-owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan, and on nickel-copper-cobalt exploration at the 100-per-cent-owned HPM project in Quebec.

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