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Published on 11/10/2009 in the Prospect News PIPE Daily.

New Issue: Mira Resources settles C$15 million placement of subscription receipts

By Devika Patel

Knoxville, Tenn., Nov. 10 - Mira Resources Corp. said it completed a C$15 million private placement of subscription receipts.

The company sold 50 million receipts.

Haywood Securities Inc. was the underwriter.

Each receipt will be automatically converted into one common share and one warrant. The warrant will be exercisable at C$0.50 until Nov. 10, 2011.

Mira Resources is a mineral explorer based in Vancouver, B.C.

Issuer:Mira Resources Corp.
Issue:Subscription receipts
Amount:C$15 million
Receipts:50 million
Warrants:One per unit upon conversion
Warrant expiration:Nov. 10, 2011
Warrant strike price:C$0.50
Underwriter:Haywood Securities Inc.
Settlement date:Nov. 10
Stock symbol:TSX Venture: MRP.H
Stock price:C$0.35 at close Nov. 9

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