Murchison Minerals Ltd. (TSXV:MUR) announced a non-brokered private placement of 4,166,667 common shares units at a price of CAD 0.06 per flow-through common unit for gross proceeds of CAD 250,000.02 and up to 13,793,103 flow-through units at a price of CAD 0.087 per flow-through unit for a gross proceeds of 1,199,999.961 for an aggregate gross proceeds of CAD 1,449,999.981 on November 14, 2019. Each common shares units will consist of one common share and one full common share purchase warrant entitling the holder to acquire one additional common share for a period of one year from the date of closing at an exercise price of CAD 0.10 per share. Each flow-through unit will consist of one flow-through common share and one full non flow-through common share purchase warrant entitling the holder to acquire one additional common share for a period of one year from the date of closing at an exercise price of CAD 0.10 per share.

A portion of the flow-through shares may be sold on a charitable flow-through basis. The transaction is approved by all independent directors of the company. A finder's fee may apply to a portion of the proceeds raised under the private placement in the amount of 2% cash.

All securities issued pursuant to the transaction will be subject to a four month hold period from the date of issue. The transaction may include participation from directors and officers of the company.