/THIS NEWS RELEASE IS INTENDED FOR
DISTRIBUTION IN CANADA ONLY AND IS
NOT INTENDED FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 27, 2018 /CNW/ - Murchison Minerals Ltd.
("Murchison" or the "Company") (TSXV: MUR) is pleased
to announce that further to its press release dated December 20, 2018, the Company has closed a
non-brokered private placement (the "Private Placement")
through the issuance of 1,666,667 common shares on a flow through
basis (each a "FT Share") at a price of $0.09 per FT Share for gross proceeds of
$150,000.03.
Proceeds from the Private Placement will be used by the Company
for exploration on its Brabant-McKenzie zinc-copper-silver deposit
in Saskatchewan.
The Company paid certain eligible finders a finder's fee in the
amount of $9,000 cash. All
securities issued under the Private Placement will have a four
month and one day hold. The completion of the Private
Placement is subject to final approval from the TSXV.
About Murchison Minerals Ltd.
Murchison
Minerals Ltd. is a Canadian based exploration company focused on
the exploration and development of the 100% owned
Brabant-McKenzie zinc-copper project in North-Central Saskatchewan.
The Company also has a 50% interest in the HPM
nickel/copper/cobalt project in Quebec and gold
projects in the Pickle Lake
area of northwestern Ontario.
Additional information about Murchison Minerals and its
exploration projects can be found on the Company's website at
www.murchisonminerals.com.
Forward-Looking Information
Certain
information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. This forward-looking information
is subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, the impact of general economic conditions, industry conditions,
and dependence upon regulatory approvals. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking information. The parties undertake no
obligation to update forward-looking information except as
otherwise may be required by applicable securities
law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Murchison Minerals Ltd.