Non-brokered offer funds Catanava gold production project in Mexico
By Devika Patel
Knoxville, Tenn., Dec. 19 - Excalibur Resources Ltd. said it settled a C$1.45 million non-brokered private placement of stock. The deal priced for C$1.5 million on Dec. 12.
The company will sell 4,833,331 common shares at C$0.30 apiece. The price per share is identical to the Dec. 12 closing share price.
Proceeds will be used for working capital, the Catanava gold production project in Mexico and potential acquisitions.
The precious and base metals mining company is based in Vancouver, B.C.
| Issuer: | Excalibur Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1.45 million
|
| Shares: | 4,833,331
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 12
|
| Stock symbol: | CNSX: XBR
|
| Stock price: | C$0.30 at close Dec. 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
