Mustang Minerals Corp. (TSXV:MUM) announced a non brokered private placement of non flow through common shares and flow through shares for gross proceeds of CAD 1,900,000 on December 21, 2012. The company will issue non flow through common shares at CAD 0.06 per share and flow through shares at CAD 0.065 per share. The shares issued will be subject to a hold period of four months and one day from date of closing of the transaction. The transaction will be made pursuant ... to exemptions from the prospectus requirements of the applicable securities laws. On January 3, 2013, the company completed the flow through shares part of the transaction. The company issued 26,379,237 flow through shares for proceeds of CAD 1,714,650.41. The company also paid a finders fees of CAD 73,952.03 and issued a total of 1,137,724 finders warrants to eligible finders in connection with the issue of flow through shares. Each flow-through share finder’s warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.065 per share for a period of 18 months. On the same date, the company closed the first tranche of non flow through shares part of the transaction. The company issued 100,000 non flow through shares for proceeds of CAD 6,000. The company paid a finders fees of CAD 480 in cash and issued 8,000 finders warrants to eligible finders in connection with the issue of non flow through shares. Each finder’s warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.06 per share for a period of 18 months.
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