Vancouver, British Columbia (FSCwire) - Miranda Gold Corp. (“Miranda”) (TSX-V: MAD) is pleased to announce that it proposes to raise up to $1,500,000 by way of a non-brokered private placement through the issuance of up to 27,275,000 units at a price of $0.055 per unit (a “Unit”). Each Unit will consist of one common share and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share of Miranda at a price of $0.12, until expiry two years from the date of closing the private placement. The Company reserves the right to increase the size of the private placement or to modify the type, nature and / or price of the Units for any reason.
The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval. The Company may pay finders’ fees of up to 6% in cash on any portion of the placement.
Proceeds of this private placement will be used to advance generative exploration and project acquisition in Colombia and for general corporate purposes.
About Miranda
Miranda is a gold Prospect Generator active in Colombia. Our emphasis is on acquiring gold exploration projects with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk. Miranda has an ongoing relationship with IAMGold Corporation.
