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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: longz who wrote (8494)	9/17/2014 9:43:25 AM
From: Goose94	Read Replies (4) \| Respond to of 203026

Calibre Mining (CXB-V) Sept 17, '14 is pleased to announce that it intends to sell, on a private placement basis, 25,000,000 units of the Company at a price of $0.08 per Unit to Pierre Lassonde for gross proceeds of $2,000,000. Following the closing of the Private Placement, Mr. Lassonde will hold an 11.2% equity stake in Calibre on an undiluted basis. The Private Placement will consist of the Company issuing 25,000,000 Units at a price of $0.08 per Unit. Each Unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share for $0.15 for a period of 24 months from the closing date. Douglas Forster, Chairman of Calibre stated: "Calibre is very pleased to welcome Pierre Lassonde as a significant new shareholder of the Company. Mr. Lassonde is well known in the international mining community and North American capital markets and he is currently Chairman of Franco-Nevada Corporation. Calibre is advancing the Company's gold projects in Nicaragua in partnership with B2Gold Corp, IAMGOLD Corporation and Alder Resources Ltd. in addition to our 100% owned Siuna District gold targets including the Montes de Oro gold project." The proceeds of the Private Placement will be used to advance the exploration and development of the Company's 100% owned projects in Nicaragua and for general working capital purposes. All shares issued pursuant to the private placement will be subject to a hold period expiring four months and a day following the date of issue. There are no finders' fees payable in connection with the Private Placement. About Calibre Mining Corp. Calibre controls a 100% interest in 253 km2 of mineral concessions in the Mining Triangle of Northeast Nicaragua. Additionally the Company has an option agreement with IAMGOLD covering 176 km2 of concessions, joint venture exploration programs underway with B2Gold Corp. on 322.3 km2 of concessions which includes the Primavera gold-copper porphyry discovery and the Minnesota Gold Zone, and has optioned the 33.6 km2 Rosita gold-copper-silver project to Alder Resources Ltd. Major shareholders of Calibre include gold producer B2Gold Corp. Calibre Mining Corp. Greg Smith, P.Geo., President and CEO