Toronto, Ontario (FSCwire) - Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) is pleased to announce an update to exploration activities at its Makwa Mayville Project located in southeast Manitoba and the grant of incentive options. The Makwa Mayville project contains a NI 43-101 compliant resource of nickel, copper, cobalt and platinum group metals (PGM). Demand for these metals is expected to increase in [...]
Toronto, Ontario (FSCwire) - Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) is pleased to announce that on October 26, 2017, the Company completed its previously announced non-brokered private placement of post-consolidated private placement financing (the “Offering”), as described in its news release dated October 2, 2017. The Company issued a total of 8,000,000 Units for total gross proceeds of [...]
Toronto, Ontario (FSCwire) - Mustang Minerals Corp. (TSXV:MUM FRANKFURT:NJF) (“Mustang” or the “Company”) is pleased to announce that, further to the approval by the Company's shareholders obtained on June 7, 2017, the Company has completed the consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares (the [...]
Toronto, Ontario (FSCwire) - Mustang Minerals Corp.. (TSX-V: MUM ) (" Mustang “ or the "Company") announced today that it intends to undertake a non-brokered private placement, on a post-Consolidation basis (as defined below), of up to 8,000,000 units in the capital of the Company (each, a "Unit") at a price of $0.125 per Unit for gross proceeds of up to $1,000,000 (the "Financing"). Each Unit will consist of one [...]
Toronto, Ontario (FSCwire) - Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) today provided an update with respect to its exploration and corporate activities. The Company is pleased to note it has made significant progress in resolving its obligations relating to a CRA audit of Canadian Exploration Expense. Corporate The Company has reached settlement agreements with certain subscribers relating to [...]
Mustang Minerals today announced that it has applied to the TSX Venture Exchange to issue common shares relating to debt obligations pursuant to an audit of its flowthrough share issuances by the Canada Revenue Agency. The Company has applied to the TSXV to issue common shares at a share price of $0.02 per common share for 75% of the debt obligations of $467,532. The debt obligations relate to a reduction of Canadian [...]
Toronto, Ontario (FSCwire) - (TSXV:MUM) (“Mustang” or the “Company”) today provided a corporate update on its activities in the Bird River Greenstone Belt (BRGB), including additional assay results for chromite from its Mayville Property. Significant chromite mineralization proximal to the previously identified PGE mineralization was assayed in the drill holes. Based on the initial results of the [...]
Mustang today provided a corporate update on its activities. The Company has completed several transactions in order to improve its working capital position. The cash position of the company as at June 30, 2016 was $647,000 although the working capital deficit remained significant at ($622,000) after accounting for liabilities associated with the CRA audit. The sale of the mill equipment announced May 16, 2016 (which [...]
Toronto, Ontario (FSCwire) - The Board of Directors of Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) has entered into an asset sale agreement to sell the majority of its mill equipment in order to improve its working capital position. Mustang has received the first instalment of $652,000 of the total sale proceeds of $750,000. The closing of the remaining $98,000 will be completed June 27, 2016. Mustang [...]
Toronto, Ontario (FSCwire) - The Board of Directors of Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) today provided a update on the Canada Revenue Agency (“CRA”) audit of Canadian Exploration Expense (“CEE”) renounced to subscribers of Mustang in prior Flow-through share issuances. The Company has been notified by the CRA of its determination of the shortfalls for years 2010 to 2012 when CEE was [...]
Toronto, Ontario (FSCwire) - Mustang Minerals Corp. (“Mustang” or the “Company”) (TSX-V: MUM) today announced the initial results of an ongoing tax audit conducted by Canada Revenue Agency (“CRA”) relating primarily to flowthrough tax expenditures. CRA is conducting an audit of the Company’s flowthrough expenditures incurred for the calendar years 2011, 2012 and 2013. The flowthrough expenditures have been renounced to [...]
Toronto, Ontario (FSCwire) - The Board of Directors of Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) today announced that Daniel Lougher has resigned from the Board of Directors of Mustang Minerals Corp. The Board of Mustang sincerely thanks Dan for his valuable contribution to the affairs of Mustang during his tenure as a board member. To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our [...]
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