TORONTO, ONTARIO -- (Marketwire) -- 12/23/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang' or the 'Company') today announced it has completed the initial tranches of a non-brokered private placement financing (the 'Offering'). The Company issued 17,117,433 flowthrough shares at a price of $0.12 per share for gross proceeds of $2,054,092.00. The Company has paid eligible finders fees of $162,407.36 and issued 1,355,061 broker warrants pursuant to the Offering. The Company plans additional closing of both flowthrough and non-flow through shares shortly. Western Areas NL, which currently owns over 19 % of the equity of Mustang, will subscribe for a portion of the concurrent non-flow through offering to maintain its current ownership interest. Western Areas is the third largest nickel producer in Australia.
TORONTO, ONTARIO -- (Marketwire) -- 12/01/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang' or the 'Company') today announced plans to complete a non-brokered financing for gross proceeds of up to $4,800,000. The proceeds from the financing will be used primarily for the Makwa Nickel Project feasibility study and
TORONTO, ONTARIO -- (Marketwire) -- 10/24/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) is pleased to announce that further exploration drilling is planned at the East Bull Lake Project which is located 80 km west of Sudbury, Ontario. Western Areas NL (TSX: WSA)(ASX: WSA) has the right to earn up to a 65% interest in the project
