Excalibur Resources Completes $500,000 Flow-Through Private Placement

Excalibur Resources (CNQ:XBR, FRA:X9CN) reports its completion of a non-brokered private placement to MineralFields Group.

Each FT Unit will consist of one common share to be issued on a “flow-through” basis under the Income Tax Act (Canada) and one share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire an additional non-flow-through common share of the Company at any time for a two year period following issuance, at an exercise price of $0.30 per share in the first year and at $0.40 per share in the second year.

For complete news release, click here.

For Excalibur’s company website, click here