Non-brokered deal funds exploration, project acquisition in Colombia
By Devika Patel
Knoxville, Tenn., June 15 – Miranda Gold Corp. said it increased its non-brokered private placement of units to C$2,594,650 from C$1.5 million due to “significant demand.” The fully subscribed deal priced on June 3.
The company will now sell 28,829,444 units of one common share and a warrant at C$0.09 per unit.
Each five-year warrant will be exercisable C$0.12, a 33.33% premium to the June 2 closing share price of C$0.09.
Proceeds will be used to advance generative exploration and project acquisition in Colombia and for general corporate purposes.
Based in Vancouver, B.C., Miranda is a gold exploration company.
| Issuer: | Miranda Gold Corp.
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| Issue: | Units of one common share and a warrant
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| Amount: | C$2,594,650
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| Units: | 28,829,444
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| Price: | C$0.09
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| Warrants: | One warrant per unit
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| Warrant expiration: | Five years
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| Warrant strike price: | C$0.12
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| Agent: | Non-brokered
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| Pricing date: | June 3
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| Stock symbol: | TSX Venture: MAD
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| Stock price: | C$0.09 at close June 2
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| Market capitalization: | C$7.42 million
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