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Murchison Minerals Ltd V.MUR

Alternate Symbol(s):  MURMF

Murchison Minerals Ltd. is a Canadian exploration company. The Company is focused on the development of the 100%-owned Brabant-McKenzie VMS copper-zinc-silver-lead-gold deposit (the Deposit) located on the Brabant McKenzie project (BMK) in north-central Saskatchewan. Additionally, the Company also explores for nickel-copper-cobalt at the 100%-owned Haut-Plateau Manicouagan (HPM) project in Quebec. The Brabant Lake property is 100% owned by the Company is strategically located along Highway 102 approximately 175 kilometers (km) northeast of the town of La Ronge. The project’s entire 664 square kilometer land package is prospective for VMS deposits, as well as gold. The Company holds a 100% interest in certain claims forming the HPM property in Quebec. The HPM project’s entire 951 square kilometers land package is highly prospective to host nickel-copper-cobalt mineralization, particularly at Barre de Fer (BDF) and Syrah.


TSXV:MUR - Post by User

Bullboard Posts
Comment by Geowatchon Dec 19, 2017 9:49pm
105 Views
Post# 27192426

RE:Close that financing

RE:Close that financingInteresting the math doesn't add up on the first tranche finder fee. They raised $2,386,000 and insiders took $875,000. Therefore $1,510,000 was invested by outsiders. A 7% finders fee on this amount would equate to $105,000. A finder fee of $130,000 was paid. So someone got $25,000 for the insider's investment. Since this was non-broker PP, this should not have been paid. No wonder why people don't trust these junior mining CEOs. It will be interesting which of the insiders took down this financing. Just started my DD. Lets see what comes out. I know the area but not this property. The property looks good for a Zinc play. At least they have skin in the game.    
Bullboard Posts