Mirasol Resources arranges $3 million private placement financing

Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) announced a non-brokered private placement offering of up to 6,666,667 units at $0.45 per unit for aggregate gross proceeds of $3.0 million.

Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at $0.60 for 12 months from closing.

The company will use net proceeds to expand exploration programs and for general corporate purposes. Finders' fees may be payable on a portion of the offering. Shares issued will be subject to a four-month hold period.

Mirasol operates exploration projects in Chile and Argentina, with its flagship Sobek Copper-Gold project located in northeast Chile's Vicuña Copper-Gold-Silver District. The company has over 20 years of operating experience in the region.

The shares have not been registered under the U.S. Securities Act or state securities laws, according to the press release.

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