Business
Miranda Gold Increases Size of Non-Brokered Private Placement
Miranda Gold Increases Size of Non-Brokered Private Placement
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nMiranda Gold Increases Size of Non-Brokered Private Placement\n\n\n Mar. 4, 2010 (Filing Services Canada) -- Miranda Gold Corp.  (MAD - TSX Venture), announces that further to its news release of February 4, 2010, it has increased the size of its previously announced non-brokered private placement from 4,500,000 units to up to 5,686,492 units (the \"Units\") at a price of $0.65 per Unit for gross proceeds of up to $3,696,219.80.  As previously announced, each Unit will consist of one common share and one common share purchase warrant, with each warrant entitling the subscriber to purchase one additional common share in the capital of the Company at a price of $1.00 for a period of two years from the date of closing of the private placement. The Company proposes paying finder's fees to persons who introduce it to investors. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.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 Nevada and Alaska and general corporate purposes.Corporate ProfileMiranda Gold Corp. is a gold exploration company active in Nevada, Alaska 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. Previous partners include Barrick Gold Exploration Inc., Newmont Mining Inc., Placer Dome (US) Inc., Agnico-Eagle (USA) Inc., Romarco Minerals Inc., Golden Aria Corp., the Cortez Joint Venture and the Buckhorn Joint Venture. Miranda has ongoing partnerships with Piedmont Mining Company Inc., White Bear Resources Inc., Queensgate Resources Corporation, Montezuma Mines Inc., NuLegacy Corporation, Red Eagle Mining Corporation, and Ramelius Resources Ltd.ON BEHALF OF THE BOARD\"Kenneth Cunningham\"\t\t\t\t\t\tKenneth Cunningham\t\t\t\t\t\t\tPresident and CEOFor more information visit the Company's web site at www.mirandagold.com or contact Fiona Grant, Manager, Investor Relations 1-877-689-4580.\t\t\t\t\t\t\tThis news release contains certain statements that may be deemed \"forward-looking sta...