The latest announcement is out from Mirasol Resources ( (TSE:MRZ) ).
Mirasol Resources Ltd. has secured a $2 million loan from John Tognetti, a director and control person of the company, to address its financial obligations and enhance working capital. This related party transaction, involving the issuance of 500,000 bonus shares, is exempt from formal valuation and minority approval due to its compliance with regulatory thresholds, highlighting the company’s strategic financial maneuvering to stabilize its operations.
More about Mirasol Resources
Mirasol Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is listed on the TSX Venture Exchange and engages in identifying and advancing high-potential projects in the Americas.
YTD Price Performance: -22.64%
Average Trading Volume: 32,284
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$32.44M
For a thorough assessment of MRZ stock, go to TipRanks’ Stock Analysis page.