Non-brokered deal funds exploration, project acquisition in Colombia
By Devika Patel
Knoxville, Tenn., June 3 – Miranda Gold Corp. said it has arranged a C$1.5 million non-brokered private placement of units.
The company will sell 16,666,667 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.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1.5 million
|
| Units: | 16,666,667
|
| Price: | C$0.09
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.12
|
| Agent: | Non-brokered
|
| Pricing date: | June 3
|
| Stock symbol: | TSX Venture: MAD
|
| Stock price: | C$0.09 at close June 2
|
| Market capitalization: | C$7.42 million
|
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