TORONTO, ONTARIO — (Marketwire) — 12/19/12 — Excalibur Resources Ltd. (CNSX: XBR)(FRANKFURT: X9CN) („Excalibur“ or the „Company“) is pleased to announce that it has completed a non-brokered private placement of 4,833,331 common shares at $0.30 per share for a total of $1,450,000. Proceeds will be applied to the Company-s Catanava gold production project in Mexico, for potential acquisitions and to working capital.
The Company has granted to a consultant an incentive stock option to acquire 400,000 common shares at $0.27 per share for a five year period.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious metal mineral resources.
On behalf of the Board of Directors:
Tim Gallagher, Chairman & CEO
Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts: Excalibur Resources Ltd. Tim Gallagher Chairman & CEO 416-987-0298
Only registered users can comment.
