Mirasol Resources Pursues Expansion Through Strategic Financing
Mirasol Resources Pursues Expansion Through Strategic Financing
Vancouver-based Mirasol Resources Ltd. (TSX-V: MRZ) is set to enhance its exploration efforts through a new non-brokered private placement financing. The company plans to offer up to 666,667 Units at a price of $0.45 per Unit, aiming to raise up to $3.0 million in gross proceeds. Each Unit comprises one common share and half of a non-transferable common share purchase warrant. Holders of full Warrants will have the opportunity to acquire additional shares at a price of $0.60, valid for twelve months after the offering closes.
Utilization of Proceeds and Strategic Goals
The funds generated from this financing initiative are earmarked for further development of Mirasol’s promising exploration programs and general corporate requirements. Moreover, the company may pay finders’ fees on a portion of the Offering, which reflects a strategic approach to engaging intermediaries for this transaction. It is important to note that the shares acquired through this Offering will be subject to a hold period of four months. The finalization of this financing is contingent upon meeting standard closing conditions, including obtaining necessary approvals from TSX.V, with an expected closing around October 25, 2024.
About Mirasol Resources Ltd.
Mirasol Resources has earned its reputation as a well-capitalized exploration entity, with over two decades of experience in operating and maintaining robust community relations in the mineral-rich terrains of Chile and Argentina. The company emphasizes its commitment to exploration at its flagship Sobek Copper-Gold project, situated in the Vicuña Copper-Gold-Silver District in northeast Chile. Additionally, Mirasol proudly owns and completely controls the high-grade Virginia Silver Deposit located in Argentina.
Strong Project Pipeline
Mirasol continues to foster growth through a strong inventory of early to mid-stage projects. This diverse project portfolio is pivotal for sustaining its exploration efforts and enhancing the company’s long-term value proposition.
Contact Information
For more detailed insights into Mirasol’s offerings and future endeavors, interested parties can reach out to:
Tim Heenan, President & CEO
or
Troy Shultz, Vice President Investor Relations
Phone: +1 (604) 602-9989
Email: troy.shultz@mirasolresources.com
Website: www.mirasolresources.com
Frequently Asked Questions
What is the purpose of Mirasol's private placement financing?
The private placement aims to raise funds to expand Mirasol’s exploration programs and for general corporate uses.
How much capital does Mirasol intend to raise through this Offering?
Mirasol targets to raise up to $3.0 million through the placement of 666,667 Units.
What are the components of each Unit in the Offering?
Each Unit consists of one common share and half of a common share purchase warrant.
What is the planned timeline for the Offering?
The Offering is expected to close around October 25, 2024, depending on customary closing conditions.
What key projects is Mirasol currently working on?
Mirasol is focused on the Sobek Copper-Gold project in Chile and the Virginia Silver Deposit in Argentina, while also advancing other promising projects.
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