Excalibur Resources Ltd. (CNSX:XBR)(FRANKFURT WKN:A0MMDH) today reported that the company has closed the second tranche of a non-brokered private placement announced October 5, 2009 and issued an additional 18,000,000 shares at $0.01 per share for proceeds of $180,000.

The press release is quoted as saying:

Of the total gross proceeds of $700,000 raised, $431,500 will be utilized for eligible Canadian exploration expenses incurred in exploration programs on the Company's Silver King project located in the Nelson Mining Division of British Columbia and the Sturgeon Lake project located in northwestern Ontario.

Click here to access the entire press release ^[1]

Click here to access Excalibur Resources Corporate Site ^[2]