Mustang Announces First Closing of New Financing
1
For Immediate Release
Exchange: TSX Venture
November 27, 2017.
Toronto, Ontario
Symbol:MUM
Shares Outstanding: 38,134,980
MUSTANG ANNOUNCES FIRST CLOSING OF NEW FINANCING
Toronto, ON, November 27, 2017 Mustang Minerals Corp.. (TSX-V: MUM ) (" Mustang “ or the
"Company") announced that is undertaking a new non-brokered private placement, of up to
11,428,572 units in the capital of the Company (each, a "Unit") at a price of $0.35 per Unit for gross
proceeds of up to $4,000,000 (the "Financing").
Each Unit will consist of one common share in the capital of the Company and one half of one non-
transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder
to acquire one common share at a price of $0.45 per share for a period of three years from the closing
date.
The proceeds of the Financing will be used by the Company for general corporate and working capital
purposes. All securities issued in connection with the Financing will be subject to a four-month hold
period under applicable Canadian securities laws. A finders fee of 7.5% cash and7.5% broker warrants
may be paid to eligible parties. The broker warrants are exercisable for a period of 3 years and are
exercisable at a price of $0.45 per warrant.
The Company also announces that it has closed today an initial tranche of the Financing of 3,687,142
units for gross proceeds of $1,290,500. Finders fees of $96,787 and a total of 276,536 finders warrants
were paid in conjunction with the closing of the first tranche.
All securities issued on the first closing are subject to a statutory hold period of 4 months and one day
from the date of issuance. The Financing is subject to the approval of the TSX Venture Exchange (the
"TSXV").
About Mustang Minerals
Mustang owns the mineral rights to the Makwa Nickel Property and the Mayville Property both located in the
Bird River Greenstone Belt in southeast Manitoba. The Company completed a PEA on the Makwa -Mayville
Project in 2014. The Company also controls mineral rights at the East Bull Lake Property west of Sudbury
prospective for PGM and the Bannockburn Nickel Property near Matachewan.
Carey Galeschuk P. Geo is the Qualified Person for Mustang Minerals Corp.
2
To find out more about Mustang Minerals Corp. (TSX-V: MUM)
visit our website at www.mustangminerals.com or:
Telephone: 416-955-4773 email: [email protected]
We seek safe harbour.
This news release contains forward -looking statements within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and forward -looking information within the meaning of the Securities Act (Ontario) (together, “forward -
looking st atements”). Such forward -looking statements may include the Company’s plans for its mineral projects in
Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed
or implied by such forward -looking statements to be materially different. Such factors include, among others, risks and
uncertainties relating to potential politica l risk, uncertainty of production and capital costs estimates and the potential for
unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price
of nickel and other metals, completion of eco nomic evaluations, changes in project parameters as plans continue to be
refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, includin g
those described in the Company’s Management Discussion a nd Analysis for the most recent financial period and Material
Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor it Regulations Service s Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.