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Calibre Mining Corp. (CVE:CXB) announced that it has closed the third and final tranche of its previously announced non-brokered private placement of $3,500,000.
The press release is quoted as saying:
The first tranche of this Private Placement consisted of 13,400,000 common shares at $0.10 per share for gross proceeds of $1,340,000 and having a four month hold period ending on December 4, 2011 and December 6, 2011. The second tranche consisted of 7,200,000 common shares at $0.10 per share for gross proceeds of $720,000 and a four month hold period ending on December 19, 2011. The third and final tranche consists of the remaining 14,400,000 shares for gross proceeds of $1,440,000. The shares issued in connection with the final tranche have a four month hold period ending on January 23, 2012. Calibre paid finder’s fees totalling $86,400 in cash in connection with the entire non-brokered private placement. At completion of this Private Placement, Calibre has over $3 million in the treasury and 166,965,918 common shares outstanding
Click here to access the entire news release.
