Business
Mirasol Announces $9.3 Million Non-Brokered Private Placement
Mirasol Announces $9.3 Million Non-Brokered Private Placement
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\n Nov. 16, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.\n NEWSWIRE SERVICES\nAND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN\n\n\nVANCOUVER, Nov. 16 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) ("Mirasol" or the "Company") today\n announced a non-brokered private placement consisting of up to\n 3,000,000 units (the "Units") at a price of $3.10 per Unit, for gross\n proceeds of up to $9,300,000 (the "Offering"). The Units will be\n comprised of one common share and one-half of one share purchase\n warrant (a "Warrant"). Each whole Warrant will entitle the holder to\n purchase one common share for a period of one year at a price of $4.00\n per share.\n\n\nThe Company may, in appropriate circumstances, pay finder's fees in\n connection with the Offering. Up to 6% of the gross proceeds will be\n payable in cash, and finder's warrants ("Finder's Warrants") equal to\n 6% of the number of Units sold will be issued. Each Finder's Warrant\n will be convertible into one common share at an exercise price of $3.10\n per share for a period of one year. The Offering is subject to TSX-V\n acceptance and all securities issued pursuant to the Offering will be\n subject to a four-month hold period from the closing date.\n\n\nProceeds will be dedicated principally to exploration of Mirasol's\n property portfo...