Excalibur Resources (EBR-V) New audience on the TSX-V
www.excaliburresources.com
70.9 million o/s
$1 million cash (as of Aug, 2112)
Excalibur closes $1.45-million private placement, Dec 19, '12
Dec 19, 2012 - News Release
Excalibur Resources Ltd. has completed a non-brokered private placement of 4,833,331 common shares at 30 cents per share for a total of $1.45-million. Proceeds will be applied to the company's Catanava gold production project in Mexico, for potential acquisitions and to working capital.
The company has granted to a consultant an incentive stock option to acquire 400,000 common shares at 27 cents per share for a five-year period.
Key people
Tim Gallagher – Chairman and CEO
Mr. Gallagher is a graduate in commerce from McMaster University, holds a Master of Business Administration from York University and is a Chartered Financial Analyst. He has been a director or senior officer of a number of public and private companies including Inflection Capital Inc., Xmet Inc. and Xtierra Inc. Previously he was in institutional sales for Loewen Ondaatje McCutcheon and Union Bank of Switzerland (Canada). Mr. Gallagher has assisted a number of companies implement their growth plans primarily through the TSX Venture Exchange Capital Pool Program since 1997
Charles Beaudry – Director
Mr. Beaudry is a Professional Geologist with over 30 years experience in project generation, business development, exploration chemistry and hands-on project management. Charles previously held the position of General Manager of new business opportunities with IAMGOLD Corporation from 2008 until 2009, after having spent nearly 17 years in various positions for Noranda-Falconbridge-Xstrata, including as country manager of Brazil from 1996 to 2001 and manager of the Frieda River Project from 2005to 2006. Charles holds a Bachelors of Science in Geology from the University of Ottawa and a Masters of Geology from McGill University and is currently President and COO of Xmet Inc., a junior gold exploration company. Charles has broad expertise inmetallogenic modelling, project generation, geochemistry, QAQC, statistics and Six Sigma quality improvement methodologies.
43-101 Technical report on Catanava Gold property
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