Excalibur Resources Ltd. (“Excalibur” or the “Company”) announces that it has arranged a nonbrokered private placement of up to 6,000,000 Units at $0.145 per Unit for a total of $870,000.
Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.20 per share for a one year period.
Net proceeds will be applied to working capital and to the Company’s Catanava gold production project
in Mexico.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources.
The CNSX has neither approved nor disapproved of the contents of this press release.
On behalf of the Board of Directors:
“Tim Gallagher”
Chairman
For more information please contact:
Tel: 416-987-0298
Email: [email protected]
Website: www.excaliburresources.ca
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
