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MUZHU MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
MUZHU MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Muzhu Mining Ltd. (CSE:MUZU) ("Muzhu" or the "Company") is pleased to announce that the Company has arranged a non brokered private placement of up to 2,365,000 common shares designated as "flow-through" shares at a price of $0.17 per share for $402,050. The Issuer may pay finder's fees, which may be paid to eligible finders in accordance with the CSE policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the CSE.
Muzhu owns 100% of the Sleeping Giant South Project (15,000 acres) located in Quebec's Abitibi Greenstone Belt contiguous to the South of the Sleeping Giant Mine held by Abcourt Mines. The Sleeping Giant Mine has historical production of 1.1 Million ounces of Gold at a historical grade of 10.28 g/t Au and current M&I reserves of 175,757 oz at 11.2 g/t Au. (Géant Dormant –Mines Abcourt Inc., NI 43-101, 2019). Abcourt Mines is currently in the process of re-opening the Mine approximately 75km South of Matagami, Quebec just off Hwy. #109.
Muzhu has excellent access to the Sleeping Giant South Project from Hwy. #109 to the East and West part of the property, along with old logging roads and ATV trails. Muzhu is expected to commence groundwork shortly to follow up on the Airborne Geophysics that was successfully completed over the property. The MAG airborne survey was done at low altitude using tight line spacing, with a total of 1,620 km and has helped define numerous geophysical targets on the property for follow up.
QUALIFIED PERSON (QP)
Donald K.D. Baxter, P.Eng., CEO of Muzhu Mining Ltd., is a Qualified Person as defined by National Instrument 43-101 ("N.I. 43-101") guidelines and has reviewed and approved the content of this news release.
The QP has not completed sufficient work to verify the historic information on the Property, particularly in regard to historical exploration, neighboring companies, and government geological work. The information provides an indication of the exploration potential of the Muzhu property, but may not be representative of expected results.
ON BEHALF OF THE BOARD OF DIRECTORS
Donald Baxter, P. ENG.
CEO Muzhu Mining Ltd.
Phone: 1-226-455-5644
Email: info@muzhumining.ca
Muzhu Mining Ltd. is a Canadian junior exploration company currently operating in Quebec. Muzhu current hold 100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt, approximately 75km South of Matagami, Quebec of which Hwy. #109 runs through.
Forward-Looking Statements:
This news release contains certain forward-looking statements; Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Vancouver, B.C., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Muzhu Mining Ltd. (CSE:MUZU) ("Muzhu" or the "Company") is pleased to announce that the Company has arranged a non brokered private placement of up to 2,365,000 common shares designated as "flow-through" shares at a price of $0.17 per share for $402,050. The Issuer may pay finder's fees, which may be paid to eligible finders in accordance with the CSE policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the CSE.
温哥华,不列颠哥伦比亚省,2021年12月1日(环球通讯社)木竹矿业股份有限公司(证券交易所代码:MUZU)(“木竹”或“公司”)我很高兴地宣布,公司已安排以每股0.17美元的价格以402,050美元的价格非经纪私募最多2,365,000股指定为“直通股”的普通股。发行人可能会根据CSE政策向符合条件的发现者支付发现费。根据此次发行发行的所有证券的持有期为4个月零1天,自交易结束之日起计算。举报人费用的提供和支付均须经联交所批准。
Muzhu owns 100% of the Sleeping Giant South Project (15,000 acres) located in Quebec's Abitibi Greenstone Belt contiguous to the South of the Sleeping Giant Mine held by Abcourt Mines. The Sleeping Giant Mine has historical production of 1.1 Million ounces of Gold at a historical grade of 10.28 g/t Au and current M&I reserves of 175,757 oz at 11.2 g/t Au. (Géant Dormant –Mines Abcourt Inc., NI 43-101, 2019). Abcourt Mines is currently in the process of re-opening the Mine approximately 75km South of Matagami, Quebec just off Hwy. #109.
木竹拥有100%的沉睡的巨人南方计划(15,000英亩)位于魁北克的Abitibi绿岩地带,毗邻AbCourt Mines拥有的沉睡巨人矿(Sleep Giant Mines)的南面。沉睡巨人矿的历史黄金产量为110万盎司,历史品位为10.28克/吨金,目前的并购储量为175,757盎司,黄金品位为11.2克/吨。(Géant休眠-Mines AbCourt Inc.,NI 43-101,2019年)。AbCourt Mines目前正在重新开矿,该矿位于魁北克省Matagami以南约75公里处,就在高速公路附近。#109。
Muzhu has excellent access to the Sleeping Giant South Project from Hwy. #109 to the East and West part of the property, along with old logging roads and ATV trails. Muzhu is expected to commence groundwork shortly to follow up on the Airborne Geophysics that was successfully completed over the property. The MAG airborne survey was done at low altitude using tight line spacing, with a total of 1,620 km and has helped define numerous geophysical targets on the property for follow up.
木竹有很好的通向沉睡的巨人南方计划从高速公路来的。#109通往该物业的东西部分,以及旧的伐木路和亚视小径。木竹预计很快就会开始基础工作,跟进在该地产上空成功完成的空中地球物理。MAG航空测量是在低空使用紧凑的线距进行的,总共有1,620公里,并帮助确定了该属性上的许多地球物理目标,以供后续工作。
QUALIFIED PERSON (QP)
合格人员(QP)
Donald K.D. Baxter, P.Eng., CEO of Muzhu Mining Ltd., is a Qualified Person as defined by National Instrument 43-101 ("N.I. 43-101") guidelines and has reviewed and approved the content of this news release.
木竹矿业有限公司首席执行官Donald K.D.Baxter,P.eng是National Instrument 43-101(下称“NI.43-101”)准则所界定的合格人士,并已审核并批准了本新闻稿的内容。
The QP has not completed sufficient work to verify the historic information on the Property, particularly in regard to historical exploration, neighboring companies, and government geological work. The information provides an indication of the exploration potential of the Muzhu property, but may not be representative of expected results.
QP还没有完成足够的工作来核实该房产的历史信息,特别是在历史勘探、邻近公司和政府地质工作方面。这些信息提供了对木竹地产勘探潜力的指示,但可能不能代表预期结果。
ON BEHALF OF THE BOARD OF DIRECTORS
我谨代表董事会
Donald Baxter, P. ENG.
唐纳德·巴克斯特,P.Eng。
CEO Muzhu Mining Ltd.
首席执行官木竹矿业有限公司
Phone: 1-226-455-5644
电话:1-226-455-5644
Email: info@muzhumining.ca
电子邮件:info@muzhumining.ca
Muzhu Mining Ltd. is a Canadian junior exploration company currently operating in Quebec. Muzhu current hold 100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt, approximately 75km South of Matagami, Quebec of which Hwy. #109 runs through.
木竹矿业有限公司是一家加拿大初级勘探公司,目前在魁北克运营。Muzhu Current在位于魁北克省Matagami以南约75公里的Abitibi Greenstone带的睡眠巨人南方项目中拥有100%的权益,其中Hwy高速公路位于Abitibi Greenstone带以南约75公里处。109号公路贯穿其中。
Forward-Looking Statements:
This news release contains certain forward-looking statements; Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
前瞻性陈述:
本新闻稿包含某些前瞻性陈述;在可能的情况下,诸如“可能”、“将”、“应该”、“可能”、“预期”、“计划”、“打算”、“预期”、“相信”、“估计”、“预测”或“潜在”或这些词语的负面或其他变体或类似的词语或短语被用于识别这些前瞻性陈述。这些陈述反映了管理层目前的信念,并基于截至本文发布之日管理层目前掌握的信息。
前瞻性陈述涉及重大风险、不确定性和假设。许多因素可能导致实际结果、业绩或成就与前瞻性陈述中讨论或暗示的结果大不相同。这些因素应慎重考虑,读者不应过分依赖前瞻性陈述。尽管本新闻稿中包含的前瞻性陈述是基于管理层认为合理的假设,但公司不能向读者保证实际结果将与这些前瞻性陈述一致。除法律另有要求外,本公司不承担更新或修改它们以反映新事件或新情况的义务。
加拿大证券交易所(“CSE”)及其监管服务提供商(该术语在CSE的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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