Mustang Energy Corp. 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 : 2,271,000 non-flow through common shares in the capital of the Company 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 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 Finder's Warrant is exercisable into one Share at a price of...