(TheNewswire)
April 4, 2024 – TheNewswire - Vancouver, B.C. - Muzhu Mining Ltd.(CSE:MUZU) (“Muzhu” or the “Company”) ispleased to announce that the Company has authorized a non-brokeredprivate placement of up to 3,000,000 units for $0.05 per unit, witheach unit consisting of one common share and one common share purchasewarrant, with each full warrant entitling its holder to purchase onecommon share at $0.07 for a period of one year after issuance. Theproceeds of $150,000.00 of the financing will be used working capitaland no finder’s fees are payable.
The Company wishes to announce that it has granted incentivestock options for participants of the grant to acquire an aggregate of1,450,000 common shares in the capital of the Company at an exerciseprice of $0.05 cents (the “options”) in accordance with theCompany’s 10% rolling incentive stock option plan. The options areexercisable for a five-year term expiring April 4, 2029.
“Pending results fromour recent drill program on the Sleeping Giant South Property anddevelopments at the neighbouring, recently re-opened Sleeping GiantMine and Mill, together with the anticipated granting of a provisionallicense for the LMM Property in China, we are completing this interimfinancing. These two projects adjacent to operating mines inestablished mining camps, where infrastructure is already in place,positions Muzhu for a very exciting year ahead.” Dwayne Yaretz,President & CEO.
ON BEHALF OF THE BOARDOF DIRECTORS
Dwayne Yaretz,
CEO
Muzhu Mining Ltd.
Phone: 778-709-3398
Email: info@muzhumining.ca
Website: muzhumining.ca
Muzhu Mining Ltd. is a Canadian publiclytraded exploration company with a portfolio of highly prospectiveprojects at various stages of development. Muzhu currently holds 100%interest in the Sleeping Giant South Project, located in the AbitibiGreenstone Belt, approximately 75km South of Matagami, Quebec. Aswell, Muzhu has executed two option agreements to acquire up to 80% ofthe Silver, Zinc, Lead XWG and LMM Properties in the Henan Provincelocated in China.
Neither the Canadian Securities Exchange(the “CSE”) nor its Regulation Services Provider (as that term isdefined in the policies of the CSE) accepts responsibility for theadequacy or accuracy of this release.
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