Mirasol Resources arranges $3 million private placement financing

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

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

The Vancouver-based exploration company stated the net proceeds will fund expansion of exploration programs and general corporate purposes. Finders' fees may be payable on a portion of the offering, and shares issued will be subject to a four-month hold period.

Mirasol operates exploration projects in Chile and Argentina, with current focus on the Sobek Copper-Gold project in Chile's Vicuña Copper-Gold-Silver District. The shares have not been registered under the U.S. Securities Act or state securities laws.

The information is based on a company press release statement.

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