Excalibur Resources Completes $500,000 Flow-Through Private Placement
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Mon, Jul 12, 2010
Silver Company News
Post by Geetha Raghavan, Silver Research Manager
Post by Geetha Raghavan, Silver Research Manager
Excalibur Resources (CNQ:XBR, FRA:X9CN) reports its completion of a non-brokered private placement to MineralFields Group.
Each FT Unit will consist of one common share to be issued on a “flow-through” basis under the Income Tax Act (Canada) and one share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire an additional non-flow-through common share of the Company at any time for a two year period following issuance, at an exercise price of $0.30 per share in the first year and at $0.40 per share in the second year.
For complete news release, click here.
For Excalibur’s company website, click here
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