Murchison Minerals Secures $687,500 in First Tranche Financing

Murchison Minerals Ltd. has closed a non-brokered private placement, raising $687,500. The company issued a mix of units: 12.5 million Hard Dollar units at $0.015, 20 million National flow-through units at $0.02, and 5 million Quebec flow-through units at $0.02. Each unit includes one common share and one-half of a purchase warrant, exercisable at $0.05 for 24 months.

The funds will finance exploration at Murchison's BMK Zn-Cu-Ag-Pb-Au VMS Project in Saskatchewan and the HPM nickel-copper-cobalt Project in Quebec, plus cover general expenses. Insider Donald K. Johnson increased his holding to maintain a 31% ownership.

The placement involved a related party transaction but complied with MI 61-101 regulations by not exceeding 25% of Murchison's market cap. A $40,625 finder’s fee was paid, along with the issuance of 1.75 million warrants.