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| Home : Excelsior Closes US$14 Million Financing |
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Nov 24
2016 |
Excelsior Closes US$14 Million Financing |
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VANCOUVER, BC--(Marketwired - November 23, 2016) - Excelsior Mining Corp. (TSX VENTURE: MIN) (FRANKFURT: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that it has closed the previously announced financing with an affiliate of Greenstone Resources L.P. ("Greenstone"), for total gross proceeds of US$14.0 million. The financing consists of a private placement of common shares (the "Private Placement") at CDN$0.45 per share for gross proceeds of US$10.0 million and the sale of a 1% gross revenue royalty on the Gunnison Copper Project and Johnson Camp Mine (the "Royalty Financing") for gross proceeds of US$4.0 million. For further details, please see Excelsior's News Release dated September 29, 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=2178176&sourceType=3 |
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