Musk Metals Announces Closing of Flow-Through Offering
VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- MUSK METALS CORP. (“MUSK METALS” OR THE “COMPANY”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce that, further to its news release dated July 23, 2021, the Company has closed its non-brokered private placement of 4,166,666 units (each, a “Unit”) at a price of $0.12 per Unit for gross aggregate proceeds of approximately $500,000 (the “Offering”).
- This financing will allow Musk to continue to expand its currently ongoing work programs on both the Elon Lithium property and the Pluto properties.
- The Company paid an aggregate of $46,000 and issued an aggregate of 383,333 broker warrants (each, a Broker Warrant) in connection with the closing of the Offering.
- All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after closing of the Offering.
- Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canadas top mining jurisdictions.