Calibre Mining
(TSX.V: CBX | OTC: CXBMF)
Has just closed on a successfully closed on the second tranche on a over-subscribed equity financing worth $105.1 CAD. Here is what Russell Ball corresponded with shareholders:
Russell Ball, Executive Chairman of Calibre stated: “Despite a challenging equity financing environment, we were able to raise in excess of our targeted CDN $100 million and I wanted to express my thanks to those investors who participated in the financing for their support of the team and the assets. I believe we have a unique opportunity to create value by transforming Calibre from a junior exploration company to a multi-asset gold producer with significant exploration upside. We are excited about the opportunities that lie ahead, so much so that management and the Board subscribed for approximately CDN$6.5 million of the private placement, firmly aligning the interests of management with those of our long-term shareholders, including B2Gold, who after the closing of the Transaction will hold an approximate 31% equity interest in the Company.”
INVESTOR RELATIONS:
RYAN KING
Tel: 604-681-9944
Cell: 778.998.3700
Email: calibre@calibremining.com
