Calico Closes Non-Brokered Private Placement

Calico Resources Corp. (TSXV:CKB) announced that it has closed a non-brokered private placement for gross proceeds of CDN $830,250.00. Proceeds from the offering will be used for exploration and development on the Company’s Grassy Mountain project.

As quoted in the press release:

The Company paid a cash finder’s fee of $36,837.50 in connection with the private placement to certain parties who were instrumental in introducing investors to the Company. In addition, The Company issued 147,350 Finders Warrants, exercisable for a period of two years into one common share at a price of $0.40 per share, expiring October 12, 2014.

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