Vancouver, British Columbia, November 25, 2021 (GLOBE NEWSWIRE) — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (NS “society” Also “Mirasol”) Today, subject to the approval of the TSX Venture Exchange (“Exchange”), we have announced our intention to renew the bids (“Bid”) of regular course issuers and purchase for cancellation. 3,500,000 outstanding common stock (“bid shares”) is approximately 6.5% of our current outstanding common stock and approximately 8.92% of our public floats (this term is defined in exchange policy). ).
The bid is December 15th 2021 Ends with December 14th 2022, Or when the bid is completed, or at the company’s choice, earlier. Haywood Securities Inc. in Vancouver, British Columbia. Will bid on our behalf.
Bidding will be conducted in accordance with applicable securities laws and exchange policies. Purchases are made in the open market through the facilities of the exchange. The price we pay for the shares purchased by us will be the prevailing market price of the common stock on the exchange at the time of such purchase. In accordance with the exchange policy, we will outline the bid in the Management Information Circulation mailed to our shareholders regarding the upcoming General Meeting of Shareholders scheduled to be mailed in the second quarter of 2022. ..
John Tognetti, Director and Manager of the Company, is also Director and Chairman of Haywood Securities. Mr. Tognetti must abstain from voting as a board member of the Company for Haywood’s involvement and may not dispose of the Company’s shares based on the bid.
If we acquire all bid shares based on the bid, Mr. Tognetti’s current direct and indirect holdings (13,005,300 shares, or 24.15% of outstanding common stock) will be issued at the completion of the bid after the bid is completed. 50,350,043 shares of common stock.
Mirasol’s management and directors will find that if we acquire all of the bid shares based on the bid, there will be a market for shareholders who will not bid on the bid after the bid is completed, which is virtually illiquid. I don’t think. The market that existed before bidding.
We also announced that we will grant 165,000 restricted stock units (“RSU”) to certain of our officers and employees under a short-term incentive structure approved by the Board of Directors. The RSU immediately vests and gives the owner the right to grant one common share for each RSU.
About Mirasol Resources Ltd
Mirasol is a well-funded exploration company focused on Chile and Argentina. Mirasol has seven partner funds: Newcrest Mining Ltd (Chile), First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), Patagonia Gold (Argentina) and Golden. There is a project by. Arrow (Argentina). Mirasol is currently conducting self-funded expeditions in Sobek (Chile), Inca Gold (Chile) and Sacha Marcelina (Argentina).
For more information, please contact:
Tim Heenan, President
Jonathan Rosette, Vice President of Corporate Development
Tel: +1 (604) 602-9989
Forward-Looking Statements: The information in this news release may contain many known and unknown risks, uncertainties, and actual results that may differ materially from those expected in our forward-looking statements. Contains forward-looking statements that are affected by other factors. Factors that can make these differences include global commodity markets, stock markets, changes in the cost and supply of mining-related materials, changes in government, changes in regulations affecting the mining industry, and pandemics. Includes policy changes related to social and environment-related policies. It is important. We believe that the expectations reflected in our forward-looking statements are reasonable, but the results may vary and we cannot guarantee future results, levels of activity, performance or outcomes. Mirasol undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events, or other consequences, except as required by applicable law.
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
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Source link Mirasol Resources has announced an extension of the Canadian Business Journal’s regular course issuer bids