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| Home : Excelsior Announces Financing with Callinan Royalties Corporation |
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Jul 23
2013 |
Excelsior Announces Financing with Callinan Royalties Corporation |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 23, 2013) - Excelsior Mining Corp. (TSX VENTURE:MIN)(OTCQX:EXMGF)(FRANKFURT:3XS) ("Excelsior" or the "Company") is pleased to announce that it has entered into a Share Purchase and Royalty Option Agreement (the "Agreement") with Callinan Royalties Corporation ("Callinan"). Under the terms of the agreement, Callinan will invest $1.0 million in the Company by way of a non-brokered private placement and up to a further $21.0 million through the purchase of a staged gross revenue royalty ("GRR") on the Gunnison Project (the "Transaction"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1813440&sourceType=3 |
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