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Murchison Minerals Ltd V.MUR

Alternate Symbol(s):  MURMF

Murchison Minerals Ltd. is an exploration company. The Company is focused on nickel-copper-cobalt exploration at the 100%-owned HPM Project in Quebec and the exploration and development of the 100%-owned Brabant Lake zinc-copper-silver project in northcentral Saskatchewan. HPM is a high-grade nickel-bearing magmatic sulphide project located in the Manicouagan Region of Quebec, Canada. Its Brabant Lake zinc-copper-silver project is located along Highway 102 approximately 175 kilometers (km) northeast of the town of La Ronge. The Brabant Lake property consists of the BMK VMS Deposit and multiple known mineralized showings. The project’s entire 627 square kilometer land package is prospective for VMS deposits, as well as gold. Its Lac Paradis Prospect is located at the south end of Lac Manicouagan, approximately 17 km north of the Manic-5 Hydroelectric Dam, and 120 km southwest of the HPM property. The Lac Paradis claims cover approximately 21.8 square kilometers of prospective geology.


TSXV:MUR - Post by User

Bullboard Posts
Comment by speculeon Jun 29, 2014 8:07am
105 Views
Post# 22703803

RE:RE:RE:RE:RE:strong start

RE:RE:RE:RE:RE:strong startHi, I found this text in: 
https://www.cnsx.ca/cmsAssets/docs/Filings/2014/2014_06_18_6_14_18_MUR_Listing_Statement.pdf

MAM entered into a promissory note which was issued in favour of Donald K. Johnson
on March 30, 2012, which has been paid back in full. A promissory note was issued to
Donald K. Johnson in May 2013 which was also paid back in full. MAM also completed
two private placements described below.
 
On June 6, 2012, MAM completed a private placement for gross proceeds of $402,600
through the sale of 7,320,000 units at $0.055 per unit. Each unit consisted of one
Manicouagan Share and one common share purchase warrant. Each common share
purchase warrant entitles the holder to acquire one Manicouagan Share until June 6,
2014 at a price of $0.10 per share. The private placement was subscribed for by entities
controlled by Donald K. Johnson and Vahan Kololian.

On August 16, 2012, MAM completed a private placement for gross proceeds of
$150,000 through the sale of 3,000,000 units at $0.05 per unit. Each unit consisted of
one Manicouagan Share and one common share purchase warrant. Each common
share purchase warrant entitles the holder to acquire one Manicouagan Share until
August 16, 2014 at a price of $0.10 per share. The private placement was subscribed for
by entities controlled by Donald K. Johnson and Vahan Kololian.
 
Prior to the completion of the amalgamation, Donald K. Johnson exercised control over
12,866,393, or 34.12% of the issued and outstanding Manicouagan Shares, certain
directors of MAM held or exercised control over 4,032,155, or 10.69% of the issued and
outstanding Manicouagan Shares, and Erik H. Martin held 20,000 of the issued and
outstanding Manicouagan Shares and served as an officer of both Flemish and MAM.
Prior to the completion of the amalgamation, Donald K. Johnson held 15,975,000
Common Shares or 13.42% of the issued and outstanding Common Shares. Robert
McEwen held 31,975,000 Common Shares or 26.87% of the issued and outstanding
Common Shares.

Bullboard Posts
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