Mirasol arranges $3-million private placement

Executive Summary

• Mirasol Resources Ltd. is conducting a non‑brokered private placement of up to 6,666,667 units at C$0.45 per unit, targeting gross proceeds of approximately $3 million.
• Each unit consists of one common share and one‑half of a non‑transferable warrant; the full warrant allows purchase of an additional share at C$0.60 for 12 months after closing.
• Net proceeds will be used to expand exploration programs, primarily at the Sobek copper‑gold project in Chile, and for general corporate purposes.

Key Details

• Units Offered: Up to 6,666,667 units.
• Price per Unit: C$0.45 (45 cents).
• Aggregate Gross Proceeds: Approximately $3 million USD.
• Unit Composition: 1 common share + ½ non‑transferable common share purchase warrant.
• Warrant Terms: Whole warrant permits purchase of one additional common share at C$0.60; exercisable for 12 months from closing.
• Use of Proceeds: Expansion of existing exploration programs (including Sobek copper‑gold project) and general corporate purposes.
• Finders’ Fees: May be payable on a portion of the offering.
• Holding Period: Shares issued are subject to a four‑month hold period post‑closing.

Notable Quotes

(No CEO/President quotes were provided in the release.)