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TORONTO, ONTARIO--(Marketwired - Feb. 27, 2014) - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(OTCQX:EXCFF)(FRANKFURT:X9CN) announces that it has completed the first tranche of a non-brokered private placement of 2,500,000 Units at $0.12 per Unit for a total of $300,000. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.15 per share for a period of two years. No finder's fees were paid in connection with this financing. Proceeds will be applied to working capital, corporate development and to the Company's Catanava gold and silver production project in Mexico. |
