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Miranda Modifies Terms of Recently Announced Private Placement

Financings

OTCBB: MRDDF TSX-V: MAD FSE: MRG

15381 – 36th Avenue, South Surrey, BC. V3Z 0J5

Tel: (604) 417-4653 www.mirandagold.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

MIRANDA MODIFIES TERMS OF RECENTLY ANNOUNCED

PRIVATE PLACEMENT

Vancouver, BC, Canada – February 1, 2018 – Miranda Gold Corp. (“Miranda”)

(TSX-V: MAD) announces that it has modified the terms of the private placement announced

on January 8, 2018. Miranda now proposes to raise up to $1,720,125 by way of a non-brokered

private placement through the issuance of up to 31,275,000 units at a price of $0.055 per unit (a

“Unit”). Each Unit will consist of one common share and one non-transferable common share

purchase warrant ( a “Warrant”). Each Warrant will entitle the holder thereof to purchase one

additional common share of Miranda at a price of $0.12, until expiry four (4) years from the date

of closing the private placement. The Company increased the total amount to be raised in this

placement by $220,000 to accommodate increased participation by the Board of Directors and

management.

The private placement is subject to compliance with applicable securities laws and to receipt of

regulatory approval. The Company may pay finders’ fees of up to 6% in cash on any portion of

the placement.

Proceeds of this private placement wi ll be used to advance generative exploration and project

acquisition in Colombia and for general corporate purposes.

About Miranda

Miranda is a gold Prospect Generator active in Colombia . Our emphasis is on acquiring 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 to maximize

investor exposure to discovery and minimize financial risk. Miranda has an ongoing relationship

with IAMGold Corporation.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph (Joe) Hebert, Chief Executive Officer

+1-775-340-0450

Email: [email protected]

www.mirandagold.com

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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR

DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED

HEREIN. THESE SECURITIES HAVE NOT B EEN REGISTERED UNDER THE UNITED

STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS,

AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS

UNLESS REGISTERED OR EXEMPT THEREFROM.