Mistango River Resources Inc. (CNSX:MIS) announced a private placement of 14,300,000 common share at a price of CAD 0.15 per share for gross proceeds of CAD 2,145,000 on April 21, 2021. The transaction included participation from new investor Kirkland Lake Gold Ltd. (TSX:KL) for 9.9% stake. The company shall obtain all necessary approvals in connection with the Offering, including but not limited to, the approval of the respective Board of Directors of each party, the CSE and all other regulatory approvals as required.

All securities issued under the transaction will be subject to a statutory hold period of four months and a day from closing. It is anticipated that the Private Placement Financing will close upon receipt of regulatory approvals.