By Marisa Wong
Milwaukee, March 4 - Miranda Gold Corp. announced that it has increased the size of its previously announced non-brokered private placement to C$3.7 million from C$2.93 million.
The company will place 5,686,492 units, up from 4.5 million units, at C$0.65 per unit.
As announced on Feb. 4, each unit will consist of one common share and one warrant. Each warrant entitles the subscriber to purchase one common share at C$1.00 for a period of two years from the date of closing of the placement.
Proceeds of the private placement will be used to advance work in Colombia, for continued exploration on the company's projects in Nevada and Alaska and for general corporate purposes.
Miranda is a gold exploration company based in Vancouver, B.C.
| Issuer: | Miranda Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3,696,220
|
| Units: | 5,686,492
|
| 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$0.60 at close March 4
|
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