PRESS RELEASES 2/21/2014 7:52:27 PM | Marketwired News

Excalibur Arranges Private Placement

2014-02-22T00:52:27+00:00

 

TORONTO, ONTARIO--(Marketwired - Feb. 21, 2014) - Excalibur Resources Ltd. (CNSX:XBR)(OTCQX:EXCFF)(FRANKFURT:X9CN) ("Excalibur" or the "Company') announces that it has arranged a non-brokered private placement of 2,500,000 Units at $0.12 per Unit for a total of $300,000. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.15 per share for a period of two years. Proceeds will be applied to working capital, corporate development and to the Company's Catanava gold and silver production project in Mexico.

Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious metal mineral resources.

On behalf of the Board of Directors

Tim Gallagher, Chairman & CEO  

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Excalibur Resources Ltd.

416-925-0090

info@excaliburresources.ca

www.excaliburresources.ca