Closes $5,000,000 Non-Brokered Private Placement
Miranda Gold Corp. ("Miranda") (TSX-V: MAD) has closed a
non-brokered private placement with aggregate gross proceeds of $5,000,000 from
the sale of 20,000,000 units at a price of $0.25 per unit (a "Unit").
Each Unit comprised one common share and one non-transferable common share
purchase warrant (a "Warrant"). Each Warrant entitles the holder
thereof to purchase one additional common share of Miranda at a price of $0.375
for the first two years and $0.50 thereafter until December 19, 2017. If the
daily volume weighted average trading price of the common shares of Miranda is
at least $0.50 per share for 20 consecutive trading days in the period
commencing April 20, 2013 and up December 19, 2014, or at least $0.75 per share
thereafter, Miranda will have the right, exercisable within five trading days thereof,
to accelerate the expiry date of the Warrants to the date which is 30 days
after notice is given to the holders of the warrants of the accelerated expiry
date and a news release to that effect is given. The common shares issued, and
any common shares issued pursuant to the exercise of Warrants prior to April
20, 2013 will be restricted from trading until April 20, 2013.
The Company paid finder's fees to persons who introduced it to investors of
$22,500 cash and issued 835,800 Units to such persons.
Proceeds of this private placement will primarily be used to advance work in
Colombia as well as for continued exploration on the Company's projects in the
United States and general corporate purposes.
Miranda Gold Corp. is a gold exploration company active in Nevada and Colombia
and whose emphasis is on generating gold exploration projects with world-class
discovery potential. Miranda performs its own grass roots exploration and then
employs a joint venture business model on its projects in order to maximize
exposure to discovery while minimizing exploration risk. Miranda has ongoing
partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold
Ltd., NuLegacy Corporation, Ramelius
Resources Ltd., and Red Eagle Mining Corporation.
Miranda Gold Corp
CODE : MAD.V
ISIN : CA6046731031
Projects & res.Press
Asset profileContact Cpy
Miranda Gold is an exploring gold company based in Canada.
Miranda Gold holds various exploration projects in Colombia.
Its main asset in development is LOOKOUT MOUNTAIN in USA and its main exploration properties are RED CANYON, COAL CANYON, HORSE MOUNTAIN - MIRANDA, IRON POINT, BPV AND CONO, REDLICH, FUSE WEST, ANGEL WING, PPM, FUSE EAST and TAZ in USA and ROOK, EASTER DOME, RED HILL, CAJAMARCA, IBAGUE and FRESNO in Colombia.
Miranda Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 7.4 millions as of today (US$ 5.9 millions, € 5.3 millions).
Its stock quote reached its lowest recent point on August 02, 2001 at CA$ 0.04, and its highest recent level on December 29, 2006 at CA$ 2.20.
Miranda Gold has 74 140 000 shares outstanding.