2009-01-28-2008-12-15

Transaction Type
Announce Date
Post Date
Estimated Price
3MM
Description

Plans to buy 5,000 net lease acres in Lamar County, MS.

Mira Resources (USA) Corp., a subsidiary of Mira Resources Corp., Vancouver, (NEX: MRP-H) plans to acquire Mississippi assets from privately held, Dallas-based Westrock Land Corp. for C$3.1 million in cash. The assets include 100% working interest (75% net revenue interest) in 5,000 net lease acres in Lamar County. Mira plans to fund a two-well exploration program that will cost C$10.63 million. Mira will offer approximately C$8.5 million in equity in a private placement to help fund the drilling program. The acquisition will close prior to close of the equity offering.