Calibre Closes Non-Brokered Private Placement for $5,000,000

Calibre Mining Corp.(TSXV:CXB) announced the closing of a $5,000,000 strategic financing with B2Gold Corp.. The proceeds from the private placement will be used for the exploration and development of the Company’s Borosi project.

As quoted in the press release:

The Private Placement consisted of the Company issuing 20,000,000 units at a price of $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles B2Gold to acquire an additional common share at an exercise price of $0.50 until May 2, 2013. The securities issued are subject to a statutory hold period expiring September 3, 2012. No finder’s fee was paid in connection with the Private Placement.

Click here to read the Calibre Mining Corp. (TSXV:CXB) press release