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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (142)	11/29/2012 9:33:38 PM
From: Goose94	Read Replies (1) \| Respond to of 203020

Miranda Gold (MAD-V) increases placement to $5-million Nov 28, 2012 - News Release Miranda Gold Corp., further to its news release of Nov. 15, 2012, and due to significant demand, has increased the size of its previously announced non-brokered private placement from $3-million to $5-million through the issuance of 20 million units at a price of 25 cents per unit. The private placement is now fully subscribed. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of Miranda at a price of 37.5 cents for the first two years and 50 cents thereafter until expiry five years from the date of closing the private placement. If the daily volume-weighted average trading price of the common shares of Miranda is at least 50 cents per share for 20 consecutive trading days in the period commencing four months after the closing date and up to two years after the closing date, or at least 75 cents per share thereafter, Miranda will have the right, exercisable within five trading days thereof, to accelerate the expiry date of the warrants to the date which is 30 days after notice is given to the holders of the warrants of the accelerated expiry date and a news release to that effect is given. Ken Cunningham, chief executive officer of Miranda, commented: "The market appetite for a fundraising is here now for Miranda and the board of directors deems it prudent to ensure that the company has a strong treasury. It is those junior exploration companies who are undercapitalized that are the most susceptible to being unable to withstand downturns in the market such as the kind we are experiencing now. Miranda is grateful that we have this kind support." The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval. The company will pay finders' fees of 6 per cent in cash or units. Proceeds of this private placement will primarily be used to advance work in Colombia as well as for continued exploration on the company's projects in the United States and general corporate purposes.