The Prospector News

Mirasol Resources Closes First Tranche of Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mirasol Resources Closes First Tranche of Private Placement

 

 

 

 

 

Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement. The Company issued 3,887,552 Units at a price of $0.60 per Unit for aggregate gross proceeds of $2,332,531.20. Each Unit is comprised of one common share and one-half of one non-transferable common share purchase warrant, with each whole Warrant entitling the holder to purchase one additional common share at a price of $0.80 for a period of twelve months from closing of the Offering.

 

Proceeds of the Offering will be used to advance exploration, including drilling, at the Company’s flagship assets in Chile and Argentina and for general corporate purposes.

 

The securities issued under the Offering are subject to a four-month hold period.

 

Three directors and one senior officer of the Company participated in the financing and were issued an aggregate of 1,076,000 Units under the Offering. Accordingly, these subscriptions each constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions. The issuance of the Units to the related parties was exempt from the valuation requirement of MI 61-101 under the exemption in section 5.5(b) of MI 61-101 in that the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirements of MI 61-101 under the exemption in section 5.7(a) of MI 61-101 in that the fair market value of the consideration for the securities issued to the related parties did not exceed 25% of the Company market capitalization.

 

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any US state securities laws.

 

About Mirasol Resources Ltd

 

Mirasol is a well-funded exploration company with 20 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is currently self-funding exploration at the flagship Sobek Copper-Gold project located in the Vicuña Copper-Gold-Silver District of northeast Chile and controls 100% of the high-grade Virginia Silver Deposit in the province of Santa Cruz, Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects.

 

Posted April 24, 2024

Share this news article

MORE or "UNCATEGORIZED"


OUTCROP SILVER ACHIEVES EXCEPTIONAL RECOVERY OF 96.3% SILVER AND 98.5% GOLD IN UPDATED METALLURGICAL TESTING AT SANTA ANA

Outcrop Silver & Gold Corporation (TSX-V: OCG) (OTCQX: OCGSF)... READ MORE

June 25, 2024

Emerita Intersects High Grade Copper-Gold Mineralization at El Cura; Mobilizes Second Rig to Accelerate El Cura Drill Program

Emerita Resources Corp. (TSX-V: EMO) (OTCQB: EMOTF) (FSE: LLJA) h... READ MORE

June 25, 2024

Troilus Confirms Excellent Metallurgical Recoveries at Zone X22 With Completed Pilot Plant Test Program

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R) is pleas... READ MORE

June 25, 2024

AERO ENERGY AND FORTUNE BAY INTERSECT STRONG RADIOACTIVITY IN SECOND DRILL HOLE AT THE MURMAC URANIUM PROJECT

Fortune Bay Corp. (TSX-V: FOR) (FWB: 5QN) (OTCQB: FTBYF) is plea... READ MORE

June 25, 2024

Drilling Continues to Expand Gold Zones at OKO – 10.0m @ 9.7 g/t Au & 52.3m @ 2.1 g/t Au

G2 Goldfields Inc. (TSX: GTWO) (OTCQX: GUYGF) is pleased to provi... READ MORE

June 25, 2024

Copyright 2024 The Prospector News