Miranda Gold Corp. (TSX:MAD) has closed “Tranche One” of its recently announced non-brokered private placement with aggregate gross proceeds of $1,513,187.50 from the sale of 27,512,500 units at a price of $0.055 per unit. Each Unit comprises one common share and one non-transferable common share purchase warrant. Each Warrant entitles the holder thereof to purchase one additional common share of Miranda at a price of $0.12 until March 9, 2022. The common shares issued, and any common shares issued pursuant to the exercise of Warrants prior to July 9, 2018, will be restricted from trading until July 9, 2018.
The Company paid finder’s fees in cash, to persons who introduced it to investors of $36,773.55.
Proceeds of this private placement will primarily be used to advance generative exploration and project acquisition in Colombia and for general corporate purposes.
Miranda is a gold exploration company active in Colombia. Miranda employs a prospect generator and joint venture business model. Miranda focuses on generating projects with world-class discovery potential, and then joint ventures multiple projects to maximize the chance of discovery, while reducing economic risk and shareholder dilution. Miranda has an ongoing relationship with IAMGold Corporation.
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