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Share Name | Share Symbol | Market | Type |
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TSXV:MRP | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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Mira Resources Corp. (TSX VENTURE:MRP) ("Mira") announces that it has closed a $1.6 million first tranche of its recently announced $2.5 million convertible debt financing (the "Debt Financing"). The loan is for a one year term and bears interest at 12% per annum. Proceeds of the Debt Financing are convertible into units ("Units") of Mira at $0.20 per unit. Each Unit consists of one common share (a "Share") and one half share purchase warrant (a "Warrant") with each full Warrant being convertible into one additional common share of Mira at $0.30 per share for a period of two years from closing. Mira has the right to retire the convertible debt on 20 days' notice to subscribers conditional upon payment of principal and all outstanding interest. Shares issued on any conversion of the Debt Financing will be subject to a four month hold period. No commission was paid with respect to the Debt Financing. The Debt Financing did not result in a change of control of Mira. The Debt Financing has received final TSX Venture Exchange approval. ON BEHALF OF THE BOARD Thomas Cavanagh, President and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" within the meaning of the United State s Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Mira's expectations include risks related to the exploration stage of Mira's project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing. Issued and Outstanding: 156,965,926 FOR FURTHER INFORMATION PLEASE CONTACT: Mira Resources Corp. Toll Free: 1-855-687-7742 www.miraresourcescorp.com
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