Excalibur Resources Ltd.: $1,000,000 Private Placement

Excalibur Resources Ltd. (CNQ:XBR) reports  of its intention to raise up to $1,000,000 by way of a non-brokered private placement.

The press release is quoted as saying:

A portion of this financing will be Units at $0.15 per Unit, each Unit consisting of one Flow-Through Common Share and one Non-Flow-Through share purchase warrant exercisable at $0.25 per share in the first year and at $0.30 per share in the second year. The Flow-Through Shares forming part of the Units issued at $0.15 per Unit will qualify as Flow-Through Shares under the rules of the Canada Revenue Agency.

Click here to access the entire news release.

Click here to access Excalibur’s company profile.