Business
Mirasol Closes $2 Million Non-Brokered Private Placement
Mirasol Closes $2 Million Non-Brokered Private Placement.
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 22 /CNW/ - Mirasol Resources Ltd. (TSXV: MRZ;\nFrankfurt: WKN: AOF4Z5; M8R) announces that it has closed the non-brokered\nprivate placement announced April 13, 2007. The 2,000,000 unit offering was\nfully subscribed for gross proceeds of $2.0 million. Each unit consists of one\ncommon share and one share purchase warrant exercisable at a price of\n$1.50 per share for a period of two years from closing, subject to an exercise\nacceleration provision.\n\n\nNo broker or finders fees were paid and all securities are subject to a\nfour-month hold period. The proceeds will be used to fund Mirasol's\nexploration programs in Argentina and Chile, for corporate purposes, and for\ngeneral working capital.\n\n\nMirasol Resources Ltd. is an exploration and development company with a\nproven track record to successful discovery, and is focused on the discovery\nand acquisition of new, high-potential precious metals deposits in the\nAmericas. Mirasol's subsidiaries currently hold 100% of the rights to nine\nexploration projects, totaling more than 180,000 hectares in Santa Cruz\nProvince in the Patagonia region of southern Argentina. Four of the Company's\nprojects are under joint venture. The company operates two subsidiary\ncompanies in Argentina and is engaged in generative exploration in\nhigh-potential regions elsewhere in the Americas. For further information,\nvisit the Company's website: www.mirasolresources.com.\n\n\nQuality Assurance/Quality Control: Exploration at Mirasol's Projects is\n\n\nsupervised by Mirasol's Exploration Manager, Timothy Heenan, and Vice\n\n\nPresident Exploration, Stephen Nano, both qualified persons under\n\n\nNI 43-101. All technical information for the Company's projects is\n\n\nobtained and reported under a formal quality assurance and quality\n\n\ncontrol (QA/QC) program.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of the content of this news\n\n\nrelease.\n\n\n%SEDAR: 00021558E\n\n\n","length":2110,"tagName":"div"}]