By Sheri Kasprzak
New York, March 15 - Mirasol Resources Ltd. said it intends to raise up to C$2.5 million in a private placement of units.
The offering includes up to 5 million units of one share and one half-share warrant.
Each whole warrant is exercisable at C$0.75 for 18 months.
Haywood Securities Inc. is the placement agent.
Proceeds will be used for exploration on the company's projects in Argentina and for working capital.
Based in Vancouver, B.C., Mirasol Resources is a mineral exploration company.
| Issuer: | Mirasol Resources Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.5 million (maximum)
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| Units: | 5 million (maximum)
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| Price: | C$0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.75
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| Placement agent: | Haywood Securities Inc.
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| Pricing date: | March 15
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| Stock symbol: | TSX Venture: MRZ
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| Stock price: | C$0.60 at close March 14
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