The Conversation (0)
Calibre Closes $1.34 Million First Tranche of Private Placement
Aug. 08, 2011 11:17AM PST
Company News
Calibre Mining Corp. (CVE:CXB) reports that it has closed the first tranche of its previously disclosed non-brokered private placement of $3,000,000.
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.