By Sheri Kasprzak
Atlanta, Dec. 20 - Miranda Gold Corp. said Friday it plans to raise C$2.03 million in a private placement.
The company will issue 2.9 million units at C$0.70 each.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$0.90 for two years.
Based in Vancouver, B.C., Miranda is a gold exploration company with projects in Nevada. The proceeds in the deal will be used for working capital.
| Issuer: | Miranda Gold Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$2.03 million
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| Shares: | 2.9 million units
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| Price: | C$0.70
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.90
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| Announcement date: | Dec. 17
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| Stock price: | C$0.84 at close Dec. 17
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