By Devika Patel
Knoxville, Tenn., Feb. 4 - Miranda Gold Corp. said it will raise C$2.93 million in a non-brokered private placement of units.
The company will sell 4.5 million units of a common share and one warrant at C$0.65 per unit.
Each warrant will be exercisable at C$1.00 for two years.
Proceeds will be used to advance work in Colombia as well as for exploration on the company's projects in Nevada and Alaska and general corporate purposes.
Based in Vancouver, B.C., Miranda is a gold exploration company.
| Issuer: | Miranda Gold Corp.
|
| Issue: | Units of a common share and a warrant
|
| Amount: | C$2,925,000
|
| Units: | 4.5 million
|
| Price: | C$0.65
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 4
|
| Stock symbol: | TSX Venture: MAD
|
| Stock price: | C$0.68 at close Feb. 3
|
| Market capitalization: | C$27.8 million
|
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