Mohammed Asibelua

February 21, 2012 14:45 ET

Shareholder Early Warning News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2012) - Mohammed Asibelua of 6 Usuma Close, Maitama, Abuja, Nigeria has acquired indirect ownership of 11,580,368 common shares of Mira Resources Corp. (the "Issuer"). 7,500,000 common shares were acquired at $0.20 per share pursuant to a private placement and 4,080,368 common shares were acquired at $0.25 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 $0.38 per share and warrants to acquire an additional 3,750,000 common shares of the Issuer at $0.30 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.

Mr. Asibeua acquired the common shares of the Issuer for investment purposes and may acquire or dispose of common shares as circumstances or market conditions warrant. Total consideration paid was $1,020,092 for the debt conversion shares and $1,500,000 for the private placement units.

A report respecting this transaction will be electronically filed with the Securities Commissions in British Columbia, Alberta, Saskatchewan and Ontario and will be available for viewing at www.sedar.com.

Mohammed Asibelua

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mohammed Asibelua
    011 234 0703 395 0898