Murchison Minerals Completes Private Placement and Gains Strategic Investor

Murchison Minerals Ltd. has successfully closed its fully subscribed non-brokered private placement, raising $2 million. The significant development involves HCC Holding Ltd., a subsidiary of Misty Ventures Inc., becoming a cornerstone investor. This marks HCC's entry into Murchison, acquiring 4,027,778 Common Shares and holding approximately 19.39% of the Company’s shares.

The funds from this placement will support exploration at Murchison's BMK Zn-Cu-Ag-Pb-Au VMS Project in Saskatchewan and the HPM nickel-copper-cobalt Project in Quebec. Insider Donald K. Johnson also participated, maintaining his 31.4% ownership. Additionally, finder’s fees of $16,500 were involved.

Murchison's CEO Troy Boisjoli expressed excitement over the strategic partnership with HCC, highlighting their shared commitment to First Nations collaborations. The transaction positions Mistawasis Nêhiyawak First Nation firmly within the mining exploration sector.