Mirabel Resources Inc.: Interim Financing.POINTE-CLAIRE, Quebec -- Mirabel Resources Inc. "Mirabel" (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) ) announces, subject to TSX Venture exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approval, that is has entered into a $250,000 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. interim financing Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing. interim financing The financing that supports a transaction until permanent financing can be arranged. agreement with two privately owned independent companies. The interim financing shall carry an interest rate of 8% per annum for the first three months and 2% per month for each additional month. The interim financing is secured by the accounts receivable. Additionally, the agreement includes the issuance of 50,000 common shares, 450,000 warrants priced at $0.15 and 100,000 warrants priced at $0.20 for a period of 12 months. Mirabel also announces that it has concluded a private placement for $50,000 CDN. A total of 417,000 shares were issued at a price of $0.12 per share. Proceeds of the placement will be for working capital purposes. Additionally, Mirabel has acquired 12 claims from a local prospector in exchange for 250,000 common shares and 250,000 warrants priced at $0.20 of Mirabel. The claims are strategically located in the Denain Township, in close proximity to the Denain property. All the securities issued in virtue of through the force of; by authority of. See also: Virtue this press release will be subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded for a period of four months. Mirabel Resources Inc., is a Canadian junior exploration company actively involved in the acquisition, exploration and development of gold projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade gold bearing quartz vein properties. A TSX-V listed company Mirabel Resources trades under the symbol RMB. The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. MIRABEL RESOURCES INC. (TSX VENTURE:RMB) |
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