By Devika Patel
Knoxville, Tenn., Aug. 3 - Excalibur Mining Corp. Ltd. announced that it will raise A$10 million in a private placement of shares.
The company will sell 1 billion shares at A$0.01 apiece.
Proceeds will be used as working capital for exploration and development.
The mining and exploration company is based in South Perth, Australia.
| Issuer: | Excalibur Mining Corp. Ltd.
|
| Issue: | Stock
|
| Amount: | A$10 million
|
| Shares: | 1 billion
|
| Price: | A$0.01
|
| Warrants: | No
|
| Pricing date: | Aug. 3
|
| Stock symbol: | Australia: EXM
|
| Stock price: | A$0.014 at close Aug. 3
|
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