Mirasol Resources Closes Private Placement
NEWS RELEASE
Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8
Tel: +1 604 602 9989 E-mail: [email protected]
www.mirasolresources.com
June 7, 2023
Shares Issued and Outstanding: 65,625,060
TSX-V: MRZ
OTCPK: MRZLF
Mirasol Resources Closes Private Placement
VANCOUVER, BC, June 7, 202 3 — Mirasol Resources Ltd. (TSX- V: MRZ) (OTCPK: MRZLF ) (the
“Company” or “Mirasol”) is pleased to announce the closing of the previously announced non-brokered
private placement. The Company issued 5,909,600 Units (the “Units”) at a price of $1.25 per Unit for
aggregate gross proceeds of $7,387,000. (the “Offering”). Each Unit is comprised of one (1) common
share and one -half of one (1/2) non- transferable common share purchase warrant (the “Warrant”),
with each whole W arrant entitling the holder to purchase one additional common share at a price of
$1.70 for a period of twelve (12) months from closing of the Offering.
Proceeds of the Offering will be used to advance exploration, including drilling, at the Company’s
flagship assets in Chile and Argentina and for general corporate purposes.
The securities issued under the Offering are subject to a four -month hold period. Finders’ fees were
paid on a portion of the Offering.
Mr. John Tognetti, a director of the Company, was issued 800,000 shares under the Offering.
Accordingly, Mr. Tognetti’s subscription constituted a “related party transaction” within the meaning
of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-
101”). The issuance of the shares to the related party was exempt from the valuation requirement of
MI 61-101 under the exemption in section 5.5(b) of MI 61 -101 in that the Company’s shares are not
listed on a specified market, and from the minority shareholder approval requirements of MI 61 -101
under the exemption in section 5.7(a) of MI 61 -101 in that the fair market value of the consideration
for the securities issued to the related parties did not exceed 25% of the Company market
capitalization.
This news release does not constitute an offer to sell or 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, or any US state securities laws.
About Mirasol Resources Ltd
Mirasol is a well- funded exploration company with 18 years of operating, permitting and community
relations experience in the mineral rich regions of Chile and Argentina. Mirasol controls 100% of the
high-grade Virginia Silver Deposit in Argentina and is currently self-funding exploration at two flagship
projects, Sobek and Inca Gold, both located in Chile. Mirasol also continues to advance a strong pipeline
of highly prospective early and mid-stage projects.
Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8
Tel: +1 604 602 9989 E-mail: [email protected]
www.mirasolresources.com
For further information, contact:
Troy Shultz, Vice President Investor Relations
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 number 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, eq uity markets, costs and supply of materials relevant to the mining industry, change in
government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and
environmental related matters. Forward-looking statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we
believe the expectations reflected in our forward -looking statemen ts are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or
revise any forward-looking statements whether as a result of new information, futur e 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.