Muzhu arranges Private Placement and Grants Incentive Stock Options
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
MUZHU ARRANGES NON-BROKERED PRIVATE PLACEMENT
GRANTS INCENTIVE STOCK OPTIONS
April 4, 2024 - Vancouver, B.C.; Muzhu Mining Ltd. (CSE:MUZU) (“Muzhu” or the
“Company”) is pleased to announce that the Company has authorized a non-brokered
private placement of up to 3,000,000 units for $0.05 per unit, with each unit consisting of
one common share and one common share purchase warrant, with each full warrant
entitling its holder to purchase one common share at $0.07 for a period of one year after
issuance. The proceeds of $150,000.00 of the financing will be used working capital and
no finder’s fees are payable.
The Company wishes to announce that it has granted incentive stock options for
participants of the grant to acquire an aggregate of 1,450,000 common shares in the
capital of the Company at an exercise price of $0.05 cents (the “options”) in accordance
with the Company’s 10% rolling incentive stock option plan. The options are exercisable
for a five-year term expiring April 4, 2029.
“Pending results from our recent drill program on the Sleeping Giant South Property and
developments at the neighbouring, recently re -opened Sleeping Giant Mine and Mill ,
together with the anticipated granting of a provisional license for the LMM Property in
China, we are completing this interim financing. These two projects adjacent to operating
mines in established mining camps, where infrastructure is already in place , positions
Muzhu for a very exciting year ahead.” Dwayne Yaretz, President & CEO.
ON BEHALF OF THE BOARD OF DIRECTORS
Dwayne Yaretz,
CEO
Muzhu Mining Ltd.
Phone: 778-709-3398
Email: [email protected]
Website: muzhumining.ca
Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a portfolio of
highly prospective projects at various stages of development. Muzhu currently holds
100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt,
approximately 75km South of Matagami, Quebec. As well, Muzhu has executed two
option agreements to acquire up to 80% of the Silver, Zinc, Lead XWG and LMM
Properties in the Henan Province located in China.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services
Provider (as that term is defined in the policies of the CSE) accepts responsibility for the
adequacy or accuracy of this release.