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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.
温哥華,不列顛哥倫比亞省,2021年12月1日(環球通訊社)木竹礦業股份有限公司(證券交易所代碼:MUZU)(“木竹”或“公司”)我很高興地宣佈,公司已安排以每股0.17美元的價格以402,050美元的價格非經紀私募最多2,365,000股指定為“直通股”的普通股。發行人可能會根據CSE政策向符合條件的發現者支付發現費。根據此次發行發行的所有證券的持有期為4個月零1天,自交易結束之日起計算。舉報人費用的提供和支付均須經聯交所批准。
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.
木竹擁有100%的沉睡的巨人南方計劃(15,000英畝)位於魁北克的Abitibi綠巖地帶,毗鄰AbCourt Mines擁有的沉睡巨人礦(Sleep Giant Mines)的南面。沉睡巨人礦的歷史黃金產量為110萬盎司,歷史品位為10.28克/噸金,目前的併購儲量為175,757盎司,黃金品位為11.2克/噸。(Géant休眠-Mines AbCourt Inc.,NI 43-101,2019年)。AbCourt Mines目前正在重新開礦,該礦位於魁北克省Matagami以南約75公里處,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計劃從高速公路來的。#109通往該物業的東西部分,以及舊的伐木路和亞視小徑。木竹預計很快就會開始基礎工作,跟進在該地產上空成功完成的空中地球物理。MAG航空測量是在低空使用緊湊的線距進行的,總共有1,620公里,並幫助確定了該屬性上的許多地球物理目標,以供後續工作。
QUALIFIED PERSON (QP)
合格人員(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.
木竹礦業有限公司首席執行官Donald K.D.Baxter,P.eng是National Instrument 43-101(下稱“NI.43-101”)準則所界定的合格人士,並已審核並批准了本新聞稿的內容。
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還沒有完成足夠的工作來核實該房產的歷史信息,特別是在歷史勘探、鄰近公司和政府地質工作方面。這些信息提供了對木竹地產勘探潛力的指示,但可能不能代表預期結果。
ON BEHALF OF THE BOARD OF DIRECTORS
我謹代表董事會
Donald Baxter, P. ENG.
唐納德·巴克斯特,P.Eng。
CEO Muzhu Mining Ltd.
首席執行官木竹礦業有限公司
Phone: 1-226-455-5644
電話:1-226-455-5644
Email: info@muzhumining.ca
電子郵件: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.
木竹礦業有限公司是一家加拿大初級勘探公司,目前在魁北克運營。Muzhu Current在位於魁北克省Matagami以南約75公里的Abitibi Greenstone帶的睡眠巨人南方項目中擁有100%的權益,其中Hwy高速公路位於Abitibi Greenstone帶以南約75公里處。109號公路貫穿其中。
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.
前瞻性陳述:
本新聞稿包含某些前瞻性陳述;在可能的情況下,諸如“可能”、“將”、“應該”、“可能”、“預期”、“計劃”、“打算”、“預期”、“相信”、“估計”、“預測”或“潛在”或這些詞語的負面或其他變體或類似的詞語或短語被用於識別這些前瞻性陳述。這些陳述反映了管理層目前的信念,並基於截至本文發佈之日管理層目前掌握的信息。
前瞻性陳述涉及重大風險、不確定性和假設。許多因素可能導致實際結果、業績或成就與前瞻性陳述中討論或暗示的結果大不相同。這些因素應慎重考慮,讀者不應過分依賴前瞻性陳述。儘管本新聞稿中包含的前瞻性陳述是基於管理層認為合理的假設,但公司不能向讀者保證實際結果將與這些前瞻性陳述一致。除法律另有要求外,本公司不承擔更新或修改它們以反映新事件或新情況的義務。
加拿大證券交易所(“CSE”)及其監管服務提供商(該術語在CSE的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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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., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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