Junior Mining

Calibre Mining Closes Second Tranche of Over-subscribed Equity Financing Totaling Cdn$105.1 Million; Joining Forces With B2gold to Acquire the El Limon and La Libertad Gold Mines; B2gold to Become Calibre’s Largest Shareholder

Calibre Mining


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.”



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