Revving Up for Success: Mustang Energy Corp Secures C$2.1M in Strategic Financing

Description

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased to announce that, pursuant to its news release of November 25, 2024, it has completed the first tranche of its non-brokered private placement for aggregate gross proceeds of C$2,148,250, pursuant to which it sold the following (together, the “Offering”): 2,271,000 non-flow through common shares in the capital of the Company (each, a “Share”) at a price of C$0.25 per Share for gross proceeds of C$567,750 from the sale of the Shares; and 5,450,000 critical flow-through common shares of the Company (each, a “FT Share”, and collectively with the Shares, the “Offered Securities”) at a price of C$0.29 per FT Share for gross proceeds of C$1,580,500 from the sale of FT Shares. Red Cloud Securities Inc. acted as a finder in connection with the Offering and received $110,635 and 381,500 share purchase warrants (each, a “Finder’s Warrant”).

Revolutionizing the Energy Industry

Mustang Energy Corp’s recent success in securing C$2.1M in strategic financing is a significant milestone for the company and the energy industry as a whole. This infusion of capital will enable Mustang to further expand its operations, invest in research and development, and explore new opportunities for growth.

Impact on Individuals

As an individual, this development may not have a direct impact on you. However, as Mustang Energy Corp continues to grow and innovate, there may be potential job opportunities created within the company and its related industries. Additionally, if you are an investor, this news could signal a promising future for Mustang Energy Corp’s stock and potentially lead to a positive return on investment.

Global Implications

The success of Mustang Energy Corp and its securing of C$2.1M in strategic financing could have far-reaching implications for the energy industry on a global scale. By investing in research and development, the company may discover more efficient and sustainable energy solutions that could benefit the world as a whole. This could contribute to reducing carbon emissions, mitigating climate change, and promoting a greener future for generations to come.

Conclusion

In conclusion, Mustang Energy Corp’s accomplishment in securing C$2.1M in strategic financing is a positive step towards revolutionizing the energy industry. As the company continues to grow and innovate, both individuals and the world at large stand to benefit from the advancements and solutions that Mustang Energy Corp brings to the table.