Mirasol Closes Sale of Interest in Joaquin Project to Coeur d’Alene for $60 Million

Mirasol Resources Ltd (TSXV:MRZ) announced that the sale of its 49 percent  interest in the Joaquin silver-gold project located in Santa Cruz Province of Argentina to Coeur d’Alene Mines Corporation (NYSE:CDE, TSX:CDM),  has closed for $60 million.

As quoted in the press release:

One-half of the purchase consideration was paid in cash at closing (US$29,000,015, with a US$1,000,000 holdback) and the balance was paid by the issue of 1,310,043 shares of unregistered common stock in the capital of Coeur, based upon a 10 day volume-weighted average price of US$22.90 per share .

To view the whole press release, click here.

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