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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (23991)11/11/2016 8:05:31 PM
From: Goose94Read Replies (1) of 202903
 
Excalibur Resources (XBR-Cse) Nov 11, '16 has arranged a non-brokered private placement of 20 million units at 10 cents per unit for a total of $2-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable to acquire an additional common share at 15 cents per share for a period of two years from the closing date. All securities issued in connection with the offering are subject to a four-month-and-a-day hold period.

Proceeds will primarily be applied in respect of the first cash milestone payment as per the binding agreement with International Explorers and Prospectors Inc. (IEP) to acquire 100 per cent of three net smelter royalties (NSR) on properties located in Timmins.

"Excalibur is on a clear and aggressive path to combine a portfolio of prospective gold royalties with a pipeline of precious-metal streams on producing public and private mines, in order to compare favourably with the successful and proven business model of the royalty and streaming peer group," commented Tim Gallagher, chairman and chief executive officer of Excalibur.

Excalibur Resources is a precious-metal royalty and streaming company engaged in the acquisition and management of precious-metal royalties, streams and similar production-based interests.

On behalf of the Board of Directors:

"Tim Gallagher"
Chairman & CEO For more information please contact:
Tel: 416-925-0090
Email: tim@excaliburresources.ca
www.excaliburresources.ca
www.metallaroyalty.com
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