Excalibur Resources Ltd. (CNQ:XBR) reported that it has finalized non-brokered flow-through and non flow-through private placements for total proceeds of $718,000.
The press release is quoted as saying:
The Company has issued 3,455,000 Flow-Through Units at $0.10 per Unit. Each Flow-Through Unit consists of one Flow-Through common share and one Non Flow-Through share purchase warrant exercisable at $0.15 per share until September 22, 2012 and at $0.20 per share until September 22, 2013. The Flow-Through Shares forming part of the Flow-Through Units will qualify as Flow-Through Shares under the rules of the Canada Revenue Agency.