Miramis Mining Announces Closing of Second Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2022) - Miramis Mining Corp. (the "Company") is pleased to announce, further to its news release dated August 5, 2022, it has completed a second tranche (the "Second Tranche") of its non-brokered private placement consisting of the issuance of up to 10,000,000 common shares (each, a "Share") at a price of $0.05 per Share for gross aggregate proceeds of up to $500,000 (the "Offering"), pursuant to which it has issued 200,000 Shares for total gross aggregate proceeds of approximately $10,000.00. The Company has raised total aggregate proceeds of $195,000.00 from the closings of the first two tranches of the Offering.
The proceeds of the Second Tranche are expected to be used for general working capital purposes. All Shares issued in connection with the Second Tranche are subject to a hold period of four months and one day from closing. No finder's fees were paid in connection with the Second Tranche.
ON BEHALF OF THE BOARD
Chief Executive Officer
Notice Regarding Forward Looking Statements
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "may", "should", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements regarding the anticipated use of proceeds of the First Tranche. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: adverse market conditions, general economic, market or business risks, and other factors beyond the direct control of the Company, including those related to the evolving COVID-19 pandemic and those other risks more fully described in the Company's annual and quarterly management's discussion and analysis and other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on such statements. Accordingly, the forward-looking statements contained in this news release are made as of the date hereof and, unless required by applicable law, the Company assumes no obligation to update any forward-looking statements.
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