Mirasol Resources Closes Private Placement Financing

Executive Summary

• Mirasol Resources closed a non‑brokered private placement, issuing 6,689,445 units at $0.45 each for total gross proceeds of $3,010,250.25.
• Each unit consists of one common share and half a warrant to purchase an additional share at $0.60, exercisable for twelve months after closing.
• Proceeds will be used to fund exploration programs and general corporate purposes; related‑party participation was disclosed but exempt from certain MI 61‑101 requirements.

Key Details

• Units Issued: 6,689,445 units at $0.45 per unit.
• Aggregate Gross Proceeds: $3,010,250.25.
• Unit Composition: 1 common share + ½ non‑transferable warrant (full warrant = right to buy 1 additional common share at $0.60).
• Warrant Terms: Exercise price $0.60; exercisable for 12 months from closing.
• Use of Proceeds: Advance exploration programs and general corporate purposes.
• Hold Period: Securities subject to a four‑month hold period.
• Finders’ Fees Paid: $13,932.00.
• Related‑Party Transaction: Two directors and one officer received 3,350,556 units; transaction exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds.
• Regulatory Disclosure: Offering not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)