Silver Investing News » Excalibur Resources Completes $500,000 Flow-Through Private Placement

Excalibur Resources Completes $500,000 Flow-Through Private Placement

July 12, 2010 @ 6:06 pm In Silver Company News

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. ^[1]

For Excalibur's company website, click here ^[2]

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URL to article: http://silverinvestingnews.com/3501/excalibur-resources-completes-500000-flow-through-private-placement.html

URLs in this post:

[1] For complete news release, click here.: http://www.marketwire.com/press-release/Excalibur-Resources-Completes-500000-Flow-Through-Private-Placement-With-Mieralfields-CNSX-XBR-1288512.htm

[2] For Excalibur’s company website, click here: http://www.excaliburresources.ca/s/Home.asp