Mirasol Upsizes Private Placement Financing to $7.4 Million
June 02 2023 - 1:55PM
Mirasol Resources Ltd. (TSX-V:
MRZ) (OTCPK:
MRZLF) (the “
Company” or
“
Mirasol”) today announced that due to strong
demand it has increased its previously announced non-brokered
private placement from 4,000,000 units up to 5,920,000 units at a
price of $1.25 per unit (the “
Placement”). The
aggregate gross proceeds of the offering are expected to be up to
$7.4 million instead of the originally planned $5.0 million.
Mirasol’s Chairman, Patrick Evans, noted: “We
upsized the offering to accommodate strong interest from key new
investors. The increased demand validates the high-quality of our
large portfolio of copper-gold-silver projects and demonstrates
confidence in Mirasol’s operating team.”
In all other respects, the terms of the
Placement will be as announced on May 17, 2023. The Placement is
expected to close on or about June 7, 2023. Completion of the
Placement is subject to the approval of the TSX Venture
Exchange.
This press release is not an offer of common
shares for sale in the United States. The Shares have not been and
will not be registered under the U.S. Securities Act, or any state
securities laws.
About Mirasol Resources Ltd
Mirasol is a well-funded exploration company
with 18 years of operating, permitting and community relations
experience in the mineral rich regions of Chile and Argentina.
Mirasol controls 100% of the high-grade Virginia Silver Deposit in
Argentina and is currently self-funding exploration at two flagship
projects, Sobek and Inca Gold, both located in Chile. Mirasol also
continues to advance a strong pipeline of highly prospective early
and mid-stage projects.
For further information,
contact:
Tim Heenan, PresidentorTroy Shultz, Vice
President Investor Relations
Tel: +1 (604) 602-9989Email:
contact@mirasolresources.comWebsite: www.mirasolresources.com
Forward Looking Statements: The
information in this news release contains forward looking
statements that are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those anticipated in our forward-looking
statements. Factors that could cause such differences include:
changes in world commodity markets, equity markets, costs and
supply of materials relevant to the mining industry, change in
government and changes to regulations affecting the mining industry
and to policies linked to pandemics, social and environmental
related matters. Forward-looking statements in this release include
statements regarding future exploration programs, operation plans,
geological interpretations, mineral tenure issues and mineral
recovery processes. Although we believe the expectations reflected
in our forward-looking statements are reasonable, results may vary,
and we cannot guarantee future results, levels of activity,
performance or achievements. Mirasol disclaims any obligations to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as may be
required by applicable law.
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.
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