Mira Closes Convertible Debt Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/12/12 -- Mira Resources Corp. (TSX VENTURE: MRP) ("Mira") announces that it has closed a $2 million convertible debt financing (the "Debt Financing"). The loan is for a one year term and bears interest at 12% per annum. Funds which were advanced are convertible into common shares of Mira at the option of Mira at any time prior to maturity of the loan. In the event of conversion, the outstanding principal sum will be converted into common shares of Mira at a price per share which is equal to 95% of the weighted average trading price of Mira's common shares on the TSX Venture Exchange for the 20 trading days preceding the date of conversion subject to a minimum conversion price of $0.15 per share. $1.75 million of the Debt Financing was subscribed for by management of Mira.
The 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 States 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: 132,885,558
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.
Contacts:
Mira Resources Corp.
Thomas Cavanagh
President and Director
(604) 687-7742 or Toll Free: 1-855-687-7742
(604) 681-0796 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 12.01.2012 - 14:30 Uhr
Sprache: Deutsch
News-ID 103634
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Mira Closes Convertible Debt Financing"
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