/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES./
VANCOUVER, June 8, 2018 /CNW/ - Mirasol Resources Ltd.
(TSXV: MRZ) (OTCPK: MRZLF) (the "Company"
or "Mirasol") announced that it has completed the
non-brokered private placement which was disclosed in a news
release dated May 2, 2018 (the
"Offering"). The Offering was over-subscribed and Company has
issued 4,317,750 Units ("Units") at a price of $2.00 per Unit, and received gross proceeds of
$8,635,500. Each Unit consists
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. All securities
issued in connection with the Offering are subject to a four month
hold period which will expire on October 2,
2018 for 3,017,750 securities and October 8, 2018 for the remaining 1,300,000.
Stephen Nano, CEO of Mirasol
stated: "We would like to thank our existing shareholders for their
continued support and to welcome the new institutional and retail
investors that participated in this placement".
A substantial portion of the proceeds from the Offering is
intended to 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.
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.
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 deposits. Mirasol employs an integrated generative and
on-ground exploration approach, combining leading-edge technologies
and experienced exploration geoscientists to maximize the potential
for discovery. Mirasol is in a strong financial position and has a
significant 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.
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, equity
markets, costs and supply of materials relevant 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 interpretations, mineral 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
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, 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
SOURCE Mirasol Resources Ltd.