Mustang Raises Additional Financing
1
For Immediate Release
Exchange: TSX Venture
December 20, 2017.
Toronto, Ontario
Symbol:MUM
Shares Outstanding: 41,534,334
MUSTANG RAISES ADDITIONAL FINANCING
Toronto CANADA December 20, 2017 Mustang Minerals Corp. (TSX-V: MUM ) (" Mustang
“ or the " Company") announced that pursuant to its non -brokered private placement ( the
“Financing”) announced November 27, 2017 it has closed a second tranche of $1,189,774 . The
Financing will be used for general corporate purposes including activities at its highly prospective
properties located in Manitoba. Mustang has now raised gross proceeds of $2,480,274 in conjunction
with the current Financing
The second tranche consists of an additional 3,399,354 units at a price of $0.35 per unit for gross
proceeds of $1,189,774 . Each unit consists of one common share and one hal f common share
purchase warrant exercisable at $0.45 for a period of three years from closing. Finders fees of $50,121
cash and a total of 143,202 finders warrants were paid in conjunction with the second closing. The
finders warrants are exercisable for a period of three years at an exercise price of $0.45.
All securities issued in connection with the Financing subject to a statutory hold period of four (4)
months and one day from the date of issuance. The Financing is subject to the final approval of the
TSX Venture Exchange.
“ Mustang has significant mineral resources and the largest mineral rights holding in the Bird River
Sill area in southeastern Manitoba . The area is seeing substantially increased exploration activity in
response to developing interest in the battery metals sector of which nickel will play a big part. The
demand for nickel is anticipated to steadily improve over the coming years in response to the expected
shift to EV’s (electric vehicles) ” said Robin Dunbar, President of Mustang.
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 th e 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.
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]
2
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 Securi ties Act (Ontario) (together, “forward -
looking statements”). 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 political risk, uncertainty of production and capital costs estimates and the potential f or
unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the pri ce
of nickel and other metals, completion of economic 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 and 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 Services 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.