MIRASOL RESOURCES LTD ("MRZ")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 17, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Offer to Purchase dated December 10, 2012 between Mirasol Resources Ltd (the "Company") and Coeur D'Alene Mines Corporation ("Coeur") and Coeur South American Corp. (together with Coeur, the "Coeur Parties") pursuant to which the Coeur Parties will acquire from the Company, all of the outstanding quota ("quota" being the equivalent of shares) of Mirasol Argentina SRL ("Subco"). The only asset of Subco is a 49% interest in the Jaoquin Project (the "Property") located in Santa Cruz, Argentina. The Coeur Parties own the other 51% interest in the property.
The Coeur Parties will pay to the Company an aggregate consideration of US$60,000,000. Of this amount, US$30,000,000 will be paid in cash to the Company and the issuance of 1,310,043 Coeur common shares valued at approximately US$30 million.
The transaction is arms length
Further details are available in the Company's news release dated December 11, 2012.
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