Mirasol Resources Closes Private Placement
June 07 2023 - 11:07AM
Mirasol Resources Ltd. (TSX-V:
MRZ) (OTCPK:
MRZLF) (the “
Company” or
“
Mirasol”) is pleased to announce the closing of
the previously announced non-brokered private placement. The
Company issued 5,909,600 Units (the
“Units”) at a
price of $1.25 per Unit for aggregate gross proceeds of $7,387,000.
(the “
Offering”). Each Unit is comprised of one
(1) common share and one-half of one (1/2) non-transferable common
share purchase warrant (the “
Warrant”), with each
whole Warrant entitling the holder to purchase one additional
common share at a price of $1.70 for a period of twelve (12) 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. Finders’ fees were paid on a
portion of the Offering.
Mr. John Tognetti, a director of the Company,
was issued 800,000 shares under the Offering. Accordingly, Mr.
Tognetti’s subscription constituted a “related party transaction”
within the meaning of Multilateral Instrument 61-101 Protection of
Minority Shareholders in Special Transactions (“MI
61-101”). The issuance of the shares to the related party
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 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:
Troy 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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