Excalibur Resources Arranges Private Placement

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 04/16/12 -- Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX: XBR)(FRANKFURT WKN: A0MMDH) announces that it has arranged a non-brokered 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.

On behalf of the Board of Directors:

Tim Gallagher, Chairman

The CNSX has neither approved nor disapproved of the contents of this press release.



Contacts:
Excalibur Resources Ltd.
Tim Gallagher
Chairman
416-987-0298

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 16.04.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 135235
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contact information:
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TORONTO, ONTARIO

Kategorie:

Mining & Metals

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