News Releases

Mirasol Grants Compensation Securities

November 8, 2019

VANCOUVER, BC, November 08, 2019 — Mirasol Resources Ltd. (TSX-V: MRZOTCPK: MRZLF) (the “Company” or “Mirasol”) announced the grant of stock options under its Equity Incentive Plan for certain key members of its management team as long-term incentives and to align interest with shareholders. A total of 1,410,000 options were granted which are exercisable at $0.52 per share for a period of four years. The options are subject to vesting restrictions over a 3 year period.

The Mirasol Board also approved a short-term incentive structure. Key members of management may be entitled to receive bonuses up to a fixed percentage of the individual’s salary, at the end of each fiscal year, provided that certain prescribed corporate and personal performance objectives are attained. The bonuses, if earned, shall be payable in a combination (50% each) of cash and restricted share units (“RSUs”).  The number of RSUs to be issued will be determined by dividing 50% of the cash value of the bonus by the closing price of the common shares on the last trading day before the end of the fiscal year. The RSUs shall vest on the date they are issued.

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, operating via a hybrid joint venture and self-funded drilling business model. Strategic joint ventures with precious metal producers have enabled Mirasol to maintain a tight share structure while advancing its priority projects that are focused in high-potential regions in Chile and Argentina. 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 gold and silver district of Santa Cruz Province Argentina.

For further information, contact:

Dana Prince, Chairman

or

Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989

Email: contact@mirasolresources.com

Website: www.mirasolresources.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.

Filter News

Mirasol Exploration
Active Partnership
Available for Partnership
Company

Subscribe for Updates

You are about to leave the Mirasol Resources Website

You are about to leave the Mirasol website and will be redirected to SEDAR.com. If you would like to continue, click OK below

www.sedar.com is the official site that provides access to most public securities documents and information filed by issuers with the thirteen provincial and territorial securities regulatory authorities (“Canadian Securities Administrators” or “CSA”) in the SEDAR filing system

OK, I understand and wish to proceed to SEDAR.com