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Mirasol Resources Closes Private Placement Financing
Globenewswire· 2025-12-16 23:32
Core Viewpoint - Mirasol Resources Ltd. has successfully closed a non-brokered private placement financing, raising a total of $3,010,250.25 through the issuance of 6,689,445 units at a price of $0.45 per unit [1]. Group 1: Financing Details - The offering consisted of units, each comprising one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.60 for twelve months [1]. - Proceeds from the offering will be allocated to advance exploration programs and for general corporate purposes [2]. - A finder's fee of $13,932.00 was paid on a portion of the offering [2]. Group 2: Related Party Transactions - Two directors and one officer of the company received a total of 3,350,556 units under the offering, qualifying as a "related party transaction" [3]. - The issuance to related parties was exempt from certain requirements under Multilateral Instrument 61-101 due to the company's shares not being listed on a specified market and the fair market value of the securities issued not exceeding 25% of the company's market capitalization [3]. Group 3: Company Overview - Mirasol Resources Ltd. is an exploration company with over 20 years of experience in operating, permitting, and community relations in mineral-rich regions of Chile and Argentina [6]. - The company is currently self-funding exploration at its flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while advancing a pipeline of early and mid-stage projects [6].