The continued strong support from Arena, a major global institutional investor managing in excess of US$750M, is testimony to the quality of Mustang Resources' (MUS) Montepuez Ruby and Caula Vanadium-Graphite projects. The reduction in the original Tranche 2 quantum to be drawn end of May 2018 will result in less potential equity dilution for existing shareholders, but does not adversely affect the funding of the Company's planned project activities in June and July 2018