Miranda Gold Closes $5,000,000 Non-Brokered Private Placement
December 20 2012 - 7:30AM
Business Wire
Miranda Gold Corp. (“Miranda”) (TSX-V: MAD) has closed a
non-brokered private placement with aggregate gross proceeds of
$5,000,000 from the sale of 20,000,000 units at a price of $0.25
per unit (a “Unit”). Each Unit comprised one common share and one
non-transferable common share purchase warrant (a “Warrant”). Each
Warrant entitles the holder thereof to purchase one additional
common share of Miranda at a price of $0.375 for the first two
years and $0.50 thereafter until December 19, 2017. If the daily
volume weighted average trading price of the common shares of
Miranda is at least $0.50 per share for 20 consecutive trading days
in the period commencing April 20, 2013 and up December 19, 2014,
or at least $0.75 per share thereafter, Miranda will have the
right, exercisable within five trading days thereof, to accelerate
the expiry date of the Warrants to the date which is 30 days after
notice is given to the holders of the warrants of the accelerated
expiry date and a news release to that effect is given. The common
shares issued, and any common shares issued pursuant to the
exercise of Warrants prior to April 20, 2013 will be restricted
from trading until April 20, 2013.
The Company paid finder’s fees to persons who introduced it to
investors of $22,500 cash and issued 835,800 Units to such
persons.
Proceeds of this private placement will primarily be used to
advance work in Colombia as well as for continued exploration on
the Company’s projects in the United States and general corporate
purposes.
Corporate Profile
Miranda Gold Corp. is a gold exploration company active in
Nevada and Colombia and whose emphasis is on generating gold
exploration projects with world-class discovery potential. Miranda
performs its own grass roots exploration and then employs a joint
venture business model on its projects in order to maximize
exposure to discovery while minimizing exploration risk. Miranda
has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma
Mines Inc., Navaho Gold Ltd., NuLegacy Corporation, Ramelius
Resources Ltd., and Red Eagle Mining Corporation.
ON BEHALF OF THE BOARD
“Kenneth Cunningham”
Kenneth CunninghamPresident and CEO
For more information visit the Company’s web site at
www.mirandagold.com or contact Ken Cunningham, CEO at
775-738-1877.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
To view this press release as a webpage, please click on the
following
link:http://www.usetdas.com/pr/mirandagolddec202012.htm
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