Calico Resources Closes First Tranche of Non-Brokered Private Placement

Calico Resources Corp. (TSXV:CKB) closed the first tranche of its non-brokered private placement, previously announced on March 28, 2013. Total gross proceeds in this tranche amounted to CDN$472,000.00.

As quoted in the press release:

Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one additional common share at a price of $0.28 per share for a period of two years, expiring April 9, 2015.

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