Mirasol Resources Completes $3M Capital Raise for Exploration Expansion

Mirasol Resources Ltd. (TSX-V: MRZ, OTC: MRZLF) has successfully wrapped up its private placement financing round, securing $3,010,250.25 through the issuance of 6,689,445 units. The financing structure pairs common shares with warrant offerings, giving investors exposure to the company’s mineral exploration pipeline.

Financing Details and Structure

Each unit issued under the offering comprises one common share bundled with one-half warrant. These warrants grant holders the right to acquire an additional common share at $0.60 per share within a 12-month window following the closing date. The unit price was set at $0.45, attracting participation that included two company directors and one officer, who collectively subscribed for 3,350,556 units of the total raise.

The securities carry a standard four-month hold period, with finder fees totaling $13,932.00 paid on select portions of the placement. Related party participation, which exceeded standard disclosure thresholds, was managed under MI 61-101 minority shareholder protections, with the transaction qualifying for valuation and approval exemptions due to the company’s market capitalization parameters.

Capital Deployment and Project Focus

Mirasol plans to deploy the freshly raised capital toward advancing exploration initiatives and handling operational expenses. The company has emerged as a key player in the mineral-rich regions of Chile and Argentina over its 20-year tenure, having built substantial expertise in permitting and stakeholder engagement across these jurisdictions.

The flagship asset remains the Sobek Copper-Gold Project situated in the Vicuña district of northern Chile, where Mirasol is currently self-funding exploration activities. Beyond this primary focus, the company maintains a diversified portfolio of early and mid-stage projects that represent additional growth vectors for future evaluation and potential advancement.

Regulatory and Forward Guidance

The offered securities were not registered under U.S. securities laws and remain subject to applicable restrictions regarding U.S. distribution. The company has emphasized that forward-looking statements regarding future exploration programs and operational plans remain subject to commodity market volatility, regulatory shifts, and broader macroeconomic factors that may impact outcomes.