Brutus Mining closes private placement for C$3 million

Brutus Mining Inc. (CSE:BRU) has successfully closed a non-brokered private placement for aggregate gross proceeds of C$3 million. The company issued 5,710,643 units at C$0.35 per unit, comprising one common share and one transferable warrant, and 2,500,000 flow-through units at C$0.40 per unit, also comprising a common share and a flow-through warrant.

The proceeds from the sale will be used for exploration on the CW Property, evaluation of new project opportunities, and general working capital purposes. The findings and warrants issued to finders will be subject to a hold period of four months and one day.

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