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Article: Excalibur Completes First Tranche of Financing.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 9, 2009 (Marketwire via COMTEX) -- Excalibur Resources Ltd. (CNSX:XBR)(FRANKFURT WKN:A0MMDH) (the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement announced October 5, 2009. A total of $520,000 has been raised by the issuance of 52,000,000 shares at $0.01. Of the shares issued to date, 32,500,000 qualify as Flow Through Shares under the rules of the Canada Revenue Agency.
The Flow Through proceeds from this financing are being used to explore and develop the Company's Silver King project located in Nelson, British Columbia and the ...