Mirasol Resources Ltd. said June 8 that its recently reported nonbrokered private placement was oversubscribed to raise gross proceeds of C$8.6 million.
The company outlined plans in early May to raise C$5 million for gold and silver exploration in Argentina and for working capital.
The offering comprised 4,317,750 units priced at C$2 apiece, with each unit comprising 1 common share and half of a warrant. Each whole warrant is exercisable at C$3 per share for 24 months from closing.
Mirasol has 13 gold-silver projects in Santa Cruz, including the Virginia, Nico, Libanesa and Sascha projects and the La Curva and Claudia joint ventures.
