The Prospector News

Calibre Closes $3,000,000 Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Calibre Closes $3,000,000 Private Placement

 

 

 

 

 

Calibre Mining Corp. (TSX-V:CXB) is pleased to announce that the Company has closed its non-brokered private placement financing previously announced on April 11, 2016 for gross proceeds of $3,000,000.

 

 

The proceeds of the Private Placement will be used to advance the exploration and development of the Company’s 100% owned projects in Nicaragua including:

 

  1. drilling of the high priority Santa Maria gold-silver Target within the Rosita District,
  2. continued exploration of the Northern Siuna Project which contains the Montes de Oro Target as well as a series of “look alike” targets,
  3. additional work on anomalous zones in the Carpatos District and the El Paste Concession,

and for general working capital purposes.

 

 

Pursuant to the Private Placement the Company issued 30,000,000 units at a price of $0.10 per Unit. Each Unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to acquire an additional common share for $0.16 for a period of 24 months from the closing date. Calibre paid finder’s fees totalling $119,400 in cash and issued 1,194,000 finder’s warrants in connection with the entire non-brokered private placement. Each Finder’s Warrant entitles the holder to acquire a common share of the Company for $0.16 for a period of 24 months from the closing date. All securities issued under the Private Placement are subject to a hold period expiring August 21, 2016.

 

 

About Calibre Mining Corp.

 

 

Calibre controls a 100% interest in over 580 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, an option agreement with Centerra Gold on 12 km2, joint venture exploration programs underway with B2Gold Corp. on 66 km2 of concessions which includes the Primavera gold-copper porphyry discovery and the Monte Carmelo Zone, and a joint venture on the 33.6 km2 Rosita D gold-copper-silver project with Rosita Mining Corporation. Major shareholders of Calibre include gold producer B2Gold Corp, Pierre Lassonde and Management.

 

Posted April 24, 2016

Share this news article

MORE or "UNCATEGORIZED"


Orano Canada Inc. Enters into $6 Million Option on Forum's Fir Island Uranium Project, Saskatchewan

Forum Energy Metals Corp. (TSX-V: FMC) is pleased to announce tha... READ MORE

November 12, 2019

Gold Target Identified on the Carlin Vanadium Project by Prominent Nevada Geologist

First Vanadium Corp. (TSX-V: FVAN) (OTCQX: FVANF) (FSE: 1PY) anno... READ MORE

November 12, 2019

Maverix Metals Announces Record Revenue and Gold Equivalent Ounces for the Third Quarter 2019

Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) is pleased to... READ MORE

November 12, 2019

Sokoman Minerals Named Explorer of the Year by the Canadian Institute of Mining, Newfoundland and Labrador Branch

Sokoman Minerals Corp. (TSX-V:SIC) (OTCQB:SICNF) is excited to an... READ MORE

November 12, 2019

U.S. Gold Corp.'s 2019 Drilling Encounters Newly Discovered Gold System With 76.2m of 0.224 gpt Au, Including 25.91m of 0.408 gpt Au, at the Keystone Project, Cortez Trend, Nevada

U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and developmen... READ MORE

November 12, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions