Vancouver, BC – April 13, 2007 – Mirasol Resources Ltd. (TSXV: MRZ, Frankfurt: M8R) announces that it is undertaking a non-brokered private placement consisting of up to 2,000,000 units at a price of $1.00 per unit for a total of $2.0 million. Each unit shall consist of one common share and one share purchase warrant exercisable at a price of $1.50 per share for a period of two years from closing, subject to an exercise acceleration provision.
No broker or finders fees will be paid in association with the private placement. The proceeds will be used to fund Mirasol’s exploration programs in Argentina and Chile, for corporate purposes, and for general working capital.
This transaction is subject to the acceptance of the TSX Venture Exchange, and all securities will be subject to a four-month hold period.
Mirasol Resources Ltd. is an exploration and development company with a proven track record of successful discovery that is focused on the discovery and acquisition of new, high-potential precious metals deposits in the Americas. Mirasol’s subsidiaries currently hold 100% of the rights of nine exploration projects, totaling more than 180,000 hectares in Santa Cruz Province in the Patagonia region of southern Argentina. Four of the company’s projects are under joint venture. The company operates two subsidiary companies in Argentina and is engaged in generative exploration in high-potential regions elsewhere in the Americas.
For further information, contact:
Mary L. Little, President & CEO
Tel: (604) 602-9989: Fax: (604) 688-8852
Bruce Korhonen, Investor Relations
Ascenta Capital Partners, Inc.
Tel: (644) 684-4743 ext 230; or 1 (866) 684-4743
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO UNITED STATES NEWS SERVICES