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VanEck Vectors Global Alternative Energy ETF

Published : November 06th, 2009

Announces Non-Brokered Private Placement

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Keywords :   Nickel |

 
 
Mustang Minerals Corp.
TSX VENTURE: MUM
Other Recent News

November 5, 2009
Mustang Announces Non-Brokered Private Placement
TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Mustang Minerals Corp. ("Mustang")(TSX VENTURE:MUM) is pleased to announce that it plans to complete a non-brokered private placement (the "Offering") of up to $1,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares"). The Offering will be made pursuant to exemptions from the prospectus requirements of the applicable securities laws. The Flow-Through Shares issued will be subject to a hold period of four months and one day from date of closing.

The net proceeds from the Offering will be used by Mustang for exploration and to advance the ongoing development of its Maskwa Nickel Deposit.

The Flow-Through Shares will be issued at a price of $0.13 per share. The Flow-Through Shares will be distributed by way of private placement in the provinces of Ontario, Alberta, British Columbia and other such jurisdictions as the directors may determine.

Mustang has not retained any party to solicit subscriptions for the Flow-Through Shares pursuant Offering. Mustang will, however, pay a finders fee equal to 6% of the number of Flow-Through Shares sold by qualified registrants who participate in the Offering and will also grant, as additional compensation, warrants equal to 6% of the number of Flow-Through Shares sold by such finders under this Offering. Each full warrant entitles the holder to subscribe for one (1) common share at the exercise price of $0.25 for a period of 18 months after the closing date.

Completion of the Offering is subject to regulatory approval.

To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.

This news release includes certain forward-looking statements concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. Neither the Company nor its management assumes any obligation to revise or update these forward-looking statements.

Shares Outstanding: 81,228,239


"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

CONTACT INFORMATION:

Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com

INDUSTRY: Manufacturing and Production - Mining and Metals


.

VanEck Vectors Global Alternative Energy ETF
DEVELOPMENT STAGE
CODE : MUM.V
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Mustang is a nickel and copper exploration company based in Canada.

Mustang develops nickel, copper, cobalt, palladium and platinum in Canada, and holds various exploration projects in Canada.

Its main asset in development is MAKWA in Canada and its main exploration properties are RIVER VALLEY PGM, EAST BULL LAKE, TILLICUM CLAIMS, RIVER VALLEY PGM and MAYVILLE in Canada.
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Financings of VanEck Vectors Global Alternative Energy ETF
1/24/2013Announces Completion of Additional Financing and 2013 Strate...
1/23/2012Completes Financing With Western Areas 7500m Drill Program U...
1/6/2012Completes Flow Through Financing
1/11/2010Completes Private Placement
12/8/2009Increases Private Placement Financing and Closes First Tranc...
11/6/2009Announces Non-Brokered Private Placement
Project news of VanEck Vectors Global Alternative Energy ETF
2/20/2013(Mayville)Announces Increase to Mayville Resource
11/7/2012(Mayville)Provides Update on Mayville Drilling
9/12/2012(Mayville)Drilling at Mayville Property
6/14/2012(Mayville)Intersects Higher Grade Zone of Copper-Nickel-PGM Mineraliza...
5/17/2012(Mayville)Drilling Update-Mayville Project
6/2/2011(Mayville)Drill Program Resumes at Mayville Property
5/5/2011Drills 9=2E1 Meters of 3=2E9 g/t Platinum-Palladium Strike L...
4/6/2011(Mayville)Completes Additional Holes at New PGM Zone
3/23/2011MUSTANG MINERALS ANNOUNCES NEW PLATINUM AND PALLADIUM DISCOV...
3/22/2011Announces New Platinum and Palladium Discovery in Manitoba
12/1/2010(Mayville)s Exploration at Mayville/Tanco Properties
7/13/2010(Mayville)Exploration Deal With Tantalum Mining Corporation of Canada
3/22/2010(Makwa)Updates Project Economics at Makwa Nickel Project
2/17/2010(Makwa)Makwa Nickel Project Update
9/1/2009(Makwa)Advances its Maskwa Nickel Project
6/22/2009(East Bull Lake)Western Areas-Mustang JV Commences Drilling at East Bull Lak...
3/2/2009(Makwa)Completing Drilling at Manitoba Nickel Project
1/22/2009(Makwa)Provides Update on Maskwa Nickel Project Feasibility Study
12/1/2008(Makwa)Provides Update at Maskwa Nickel Project Feasibility Study
9/12/2008(East Bull Lake)and Western Areas Sign Agreement for Joint Venture at East B...
7/3/2008(East Bull Lake)New PGM+Ni+Cu Mineralization Drilled at East Bull Lake, Onta...
6/26/2008(Makwa)Mustang Tables Positive Prefeasibility for Maskwa Nickel Pro...
5/12/2008(East Bull Lake Pgm)Drilling at East Bull
5/9/2008(Makwa) Reports Positive Results From Prefeasibility Study at Maskw...
4/23/2008(Makwa)Tests Chromite Horizon at Maskwa Property
3/3/2008(Makwa)Drill Update at Maskwa North and Maskwa West
Corporate news of VanEck Vectors Global Alternative Energy ETF
10/20/2015Board Resignation
12/10/2012(Mayville)Extends Mayville Cu-Ni Deposit Mineralization to the East
7/17/2012(Mayville)Drilling Extends Copper Nickel Mineralization to Depth at Ma...
3/5/2012Provides Exploration Update Continuesto Intersect PGM Minera...
12/1/2011(Mayville)Announces Mayville Exploration-Financing
9/9/2011: Corporate Update
3/3/2011(Mayville)Drills New Surface Zone of CopperNickel Mineralization at th...
4/15/2010Expands Resources in Project Area
11/19/2009and Sagkeeng First Nation Conclude Memorandum of Understandi...
9/18/2009AGM, September 22
10/1/2008Visit Our Booth This Weekend
8/5/2008Builds Project Development Team
7/17/2008 Closing of Oversubscribed, Increased Financing
7/16/2008Announces Increase to Brokered Financing
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TSX-V (MUM.V)Other OTC (MSMGF)
0.175-2.78%0.025-7.41%
TSX-V
CA$ 0.175
06/07 13:54 -0.010
-2.78%
Prev close Open
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0.175 0.195
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.175 -%
Volume 1 month var.
24,600 -%
24hGold TrendPower© : -31
Produces
Develops Cobalt - Copper - Nickel - Palladium - Platinum
Explores for Cobalt - Copper - Gold - Nickel - Palladium - Platinum - Rhodium
 
 
 
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