Mirasol Resources Ltd. (MRZ.V) is up slightly more than 2% this afternoon at $3.37 a share after announcing plans to sell 3.5 million in equity units priced at $3.30 each through a bought-deal financing expected to generate $11.55 million in gross proceeds. Underwriters also have the option to purchase up to 500,000 additional units, which along with purchase warrants included in the equity units, could generate as much as $10.25 million more for the company.
Proceeds from the offering will be used for exploration activities at Mirasol's Virginia silver project in Argentina as well as other company-owned properties.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
