Calibre Announces $3.0 Million Non-Brokered Financing

Calibre Mining Corp. (TSXV:CXB) reports that it intends to sell on a non-brokered, private placement basis, an aggregate of up to 30,000,000 common shares at a price of $0.10 per share.

The press release is quoted as saying:

The securities issued in the private placement will be subject to a hold period of four months following the distribution date, under applicable Canadian securities legislation.

The proceeds of this offering will be used to advance the exploration and development of the Company’s Borosi Project in Nicaragua and for general working capital purposes.

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