Private Placement Financing
NEWS RELEASE
30901187.5
910 - 850 West Hastings Street, Vancouver, B.C. V6C 1E1 Canada
Tel: 604.602.9989 Fax: 604.609.9946 E-mail: [email protected]
www.mirasolresources.com
Private Placement Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, May 2, 2018 — Mirasol Resources Ltd. (TSX -V: MRZ, OTCPK: MRZLF ) (the “ Company” or
“Mirasol”) announced a non-brokered private placement of up 2,500,000 Units of the Company (“Units”) at a
price of $2.00 per Unit, to raise aggregate gross proceeds of up to $ 5,000,000 (the “Offering”). Each Unit shall
consist of one common share and one-half of one non-transferable common share purchase warrant (each whole
warrant, a “Warrant”). Each warrant is exercisable into one additional common share of the Company for a
period of 24 months from closing at an exercise price of $3.00 per share. A substantial portion of the proceeds
from the sale of the Units will be used to further explore and test certain prospective gold and silver projects in
Santa Cruz Province Argentina, and the balance will be used for general working capital.
The closing of the Offering is anticipated to occur on or around June 15, 2018, and is subject to certain conditions
including but not limited to the acceptance of the TSX Venture Exchange. The Company may, in appropriate
circumstances, pay up to a 5% finder’s fee to registered securities dealers.
Mirasol intends to expand its exploration strategy to accelerate the drill testing of its large gold, silver and copper
project portfolio (click on this link for further information on the exploration strategy). The strategy will combine
Mirasol funded drill testing of select high-grade gold and silver targets in Santa Cruz, with joint venture partner-
funded drill testing of Mirasol’s larger-scale, higher risk/higher reward targets across our project portfolio. The
objective of the strategy is to retain the Project Generator Model as a central pillar of the Company’s business
philosophy, while delivering concurrent aggressive exploration programs on the balance of our Santa Cruz project
portfolio. The self -funded drill testing of our Santa Cruz properties not currently under joint venture will give
Mirasol greater deal making leverage a nd better position it to monetize its assets in the event of positive
exploration results. The Company believes that its new strategy will accelerate the path to discovery and
shareholder wealth creation.
The Units will be offered by way of a private place ment pursuant to exemptions from the prospectus
requirements to residents of the Provinces of British Columbia, Alberta, Ontario and such other Canadian
jurisdictions as may be agreed to by the Company , and in the United States and Europe . All securities issued
under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from
the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
the United States. The securities have not been and will not be registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within
the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
Stephen Nano, President and CEO of Mirasol, has approved the technical content of this news release and is a
Qualified Person under NI 43 -101.
About Mirasol Resources Ltd:
Mirasol is a premier project generation company that is focused on the discovery and development of profitable
precious metal and copper dep osits. Mirasol employs an integrated generative and on -ground exploration
approach, combining leading -edge technologies and experienced exploration geoscientists to maximize the
30901187.5
910 - 850 West Hastings Street, Vancouver, B.C. V6C 1E1 Canada
Tel: 604.602.9989 Fax: 604.609.9946 E-mail: [email protected]
www.mirasolresources.com
potential for discovery. Mirasol is in a strong financial position and has a signifi cant portfolio of exploration
projects located within the Tertiary Age Mineral belts of Chile and the Jurassic age Au+Ag district of Santa Cruz
Province Argentina.
For further information, on this raising and the expanded exploration strategy please contact:
Stephen Nano
President and CEO
or
Jonathan Rosset
Manager of Corporate Development
Tel: +1 (604) 602-9989
Email: [email protected]
Website: www.mirasolresources.com
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a nu mber of
known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our
forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity mar kets,
costs and supply of materials releva nt to the mining industry, change in government and changes to regulations affecting the mining
industry. Forward -looking statements in this release include statements regarding future exploration programs, operation plans,
geological interpreta tions, mine ral tenure issues, mineral recovery processes and the process to complete the private placement .
Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we can not
guarantee future results, leve ls of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any
forward looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable
law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release