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Calibre Mining Corp.(TSXV:CXB) announced a new non-brokered private placement with B2 Gold Corp. The private placement will consist of 20,000,000 units at $0.25 per unit for gross proceeds of $5,000,000. These units represent a 10.6% equity stake in Calibre.
Calibre Mining Corp.(TSXV:CXB) announced a new non-brokered private placement with B2 Gold Corp. The private placement will consist of 20,000,000 units at $0.25 per unit for gross proceeds of $5,000,000. These units represent a 10.6% equity stake in Calibre.
As quoted in the press release:
The non-brokered private placement financing will consist of Company issuing 20,000,000 units at a price of $0.25/unit. Each unit will consist of one common share and one-half a common share purchase warrant. Each whole warrant will entitle B2Gold to acquire an additional common share for $0.50 for a period of 12 months from the closing date.
Calibre, Chairman, Douglas Foster, stated:
We are delighted to welcome B2Gold as a 10.6% shareholder of Calibre. The Primavera porphyry gold/copper project was a joint discovery by Calibre and B2Gold so it seems appropriate that our joint venture relationship should be expanded by this significant investment in Calibre.
Click here to read the Calibre Mining Corp. (TSXV:CXB) press release
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