Calibre Closes $1.34 Million First Tranche of Private Placement

Calibre Mining Corp. (TSXV:CXB) reports that it has closed the first tranche of its previously disclosed non-brokered private placement of $3,000,000.

The press release is quoted  as saying:

The First Tranche consists of 13,400,000 common shares at $0.10 per share for gross proceeds of $1,340,000. The shares issued in connection with the First Tranche have a four month hold period ending on December 4, 2011 and December 6, 2011. The Company did not pay any finder’s fees in connection with the First Tranche.

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.

Click here to access the entire news release. 

Click here to access Calibre’s company profile.(TSXV:CXB)