|By Marketwired .||
|February 21, 2014 07:52 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/22/14 -- 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.