Calibre Mining Announces Expiration of 44 Million Warrants

Calibre Mining Corp. (CVE:CXB) reports the expiration of 44,310,510 unexercised share purchase warrants on July 16, 2011.

Calibre Mining Corp. (TSXV:CXB) reports the expiration of 44,310,510 unexercised share purchase warrants on July 16, 2011.

The press release is quoted as saying:

The warrants were originally issued in connection with the Company’s private placement announced on July 16, 2009 and had an exercise price of $0.20 per common share. The Company presently has 131,965,918 common shares issued and outstanding. As a result of the expiration of the warrants, the Company’s fully diluted position would be 162,580,251 common shares, which would result in a fully diluted working capital position of approximately $11.9 million (assuming all options and warrants presently outstanding were exercised).