(Source: Murchison Minerals Ltd) August 11, 2016 (Toronto, Ontario): Murchison Minerals Ltd. ('Murchison' or the 'Company') (CSE: MUR) is pleased to announce that further to its press release dated July 21, 2016 and the Consolidation of its Common Shares, the Company has completed the first tranche ('First Tranche') of its previously announced non-brokered private placement (the 'Offering') through the issuance of 4,103,000 units (each a 'Unit') at a price of $0.25 per Unit for gross proceeds of $1,025,750 and 783,400 Flow Through Units (each an 'FT Unit') at a price of $0.30 per FT Unit for gross proceeds of $235,020. Each Unit consists of one common share (a 'Common Share') and one common...
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