| ||December 12, 2012|
EXCALIBUR ARRANGES $1.5 MILLION PRIVATE PLACEMENT
| ||Excalibur Resources Ltd. ("Excalibur" or the "Company") announces that it has arranged a non-brokered private placement of 5,000,000 common shares at $0.30 per share for a total of $1,500,000. Proceeds will be applied to working capital, the Company's Catanava gold production project in Mexico and for potential acquisitions.|
"We are very pleased to have the support of investors who appreciate our unique but traditional business model, particularly given the weak state of capital markets", commented Tim Gallagher, Chairman & CEO.
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:
Chairman & CEO For more information please contact:
Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Mon Dec 17, 2012, EXCALIBUR CONFIRMS ZONES OF HIGH GRADE GOLD AND SILVER AT CATANAVA PROPERTY
You can view the Previous News Releases item: Thu Nov 29, 2012, EXCALIBUR ANNOUNCES FIRST SET OF CARIBOO DRILL RESULTS
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