Excalibur Closes Private Placement and Engages Frontier Merchant Capital Group for Investor Relations
May 22 2014 - 2:00PM
Marketwired
Excalibur Closes Private Placement and Engages Frontier Merchant
Capital Group for Investor Relations
TORONTO, ONTARIO--(Marketwired - May 22, 2014) - Excalibur
Resources Ltd. ("Excalibur" or the "Company")
(CSE:XBR)(OTCQX:EXCFF)(FRANKFURT:X9CN) announces that it has closed
a non-brokered private placement of 2,000,000 Units at $0.10 per
Unit for a total of $200,000. 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 has retained FronTier Merchant Capital Group
("FronTier") for Investor Relations Services. FronTier is an
experienced and reputable Investor Relations group with its head
office in Toronto, Canada. FronTier will assist the company by
increasing market awareness utilizing a number of financial market
communications initiatives, the core of which will be facilitating
in-person introductions for Excalibur with institutional and retail
brokers and investors in a number of cities across Canada, the US,
Europe and Australasia.
FronTier has been retained for a year at $5,000 per month and
has been granted 300,000 incentive stock options at $0.12 per
share.
FronTier Consulting Ltd. purchased 1 million shares of the
current private placement.
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.416-925-0090info@excaliburresources.cawww.excaliburresources.ca