Excalibur Resources Announces $500,000 Flow-Through Private Placement
Excalibur Resources Ltd. (CNSX:XBR) (Frankfurt WKN:A0MMDH) reports that it has arranged a non-brokered private placement.
In connection with the Private Placement, the Company will pay an arm’s length finder a cash finder’s fee equal to 5% of the proceeds from the Private Placement. In addition, the Finder will receive an option (“Finder’s Option”) exercisable for a period of two years to acquire 270,270 Units (“Finder Units”) at $0.185 per Finder’s Unit. The Finder’s Units will have the same attributes as the FT Units, except that the common shares comprising part of the Finder’s Units will be non-flow-through shares.
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Wed, Jul 7, 2010
Post by Geetha Raghavan, Zinc Research Manager