Murchison Minerals Announces $2 Million Private Placement

Murchison Minerals Ltd. has unveiled plans to raise up to $2 million through a non-brokered private placement. This initiative, awaiting regulatory approvals, aims to support the company's BMK project in Saskatchewan, alongside working capital and administrative expenses.

The company will offer common shares at $0.30 each and flow-through shares at $0.36, aiming to achieve the total offering amount. A finder's fee may apply, with applicable portions subject to a 6% cash fee and warrants.

Director Donald K. Johnson is expected to acquire shares to maintain his 30% ownership. This transaction is considered a "related party transaction" but may avoid certain regulatory requirements due to its market value and board approval.