Mirasol Resources Announces Private Placement Financing

Executive Summary

• Mirasol Resources Ltd. announced a non‑brokered private placement of up to 6,666,667 Units at $0.45 per Unit, targeting gross proceeds of $3.0 million.
• Each Unit consists of one common share and half of a non‑transferable warrant; the full warrant allows purchase of an additional share at $0.60 for 12 months after closing.
• Net proceeds will be used to expand exploration programs on its Sobek Copper‑Gold project and for general corporate purposes.

Key Details

• Units Offered: Up to 6,666,667 Units.
• Price per Unit: $0.45.
• Aggregate Gross Proceeds: $3.0 million.
• Unit Composition: 1 common share + ½ non‑transferable common share purchase warrant.
• Warrant Terms: Whole warrant permits purchase of one additional common share at $0.60; exercisable for 12 months from closing.
• Use of Proceeds: Expansion of exploration programs (primarily Sobek Copper‑Gold project) and general corporate purposes.
• Finders’ Fees: May be payable on a portion of the Offering.
• Hold Period: Shares issued are subject to a four‑month hold period.
• Offering Structure: Non‑brokered, private placement; not an offer of securities in the United States.

Notable Quotes

(No direct quotes were provided in the release.)