Mira investor Asibelua increases control to 12.68% Mira investor Asibelua increases control to 12.68%
2012-02-21 15:06 ET - News Release
Mr. Mohammed Asibelua, shareholder, reports
SHAREHOLDER EARLY WARNING NEWS RELEASE
Mohammed Asibelua of 6 Usuma Close, Maitama, Abuja, Nigeria has acquired indirect ownership of 11,580,368 common shares of Mira Resources Corp. 7,500,000 common shares were acquired at
.20 per share pursuant to a private placement and 4,080,368 common shares were acquired at
.25 per share upon conversion of a convertible debenture in the amount of $1,020,092. The acquired common shares represent 7.37% of the 156,965,926 common shares of the Issuer currently outstanding.
As a result of the two acquisitions, Mr. Asibelua indirectly owns 11,580,368 common shares and controls a further 8,333,333 common shares of the Issuer. Mr. Asibelua now indirectly owns and controls 12.68% of the outstanding common shares of the Issuer.
Mr. Asibelua also holds options to acquire an additional 2,000,000 common shares of the Issuer at
.38 per share and warrants to acquire an additional 3,750,000 common shares of the Issuer at
.30 per share. In the event Mr. Asibelua exercised the options and warrants in full, Mr. Asibelua would own and control directly and indirectly a total of 25,663,701 common shares representing approximately 15.77% of the issued and outstanding common shares of the Issuer.