Calibre Closes $720,000 Second Tranche of Private Placement

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

The press release is quoted as saying:

The Second Tranche consists of 7,200,000 common shares at $0.10 per share for gross proceeds of $720,000. The shares issued in connection with the Second Tranche have a four month hold period ending on December 19, 2011. The Company did not pay any finder’s fees in connection with the Second Tranche. To date, the Company has closed on a total of 20,600,000 common shares for gross proceeds of $2,060,000 in connection with this private placement.

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)