Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is offering a non-brokered private placement of up to 7,666,666 units at a price of C$0.15 cents per unit for gross proceeds of C$1,150,000, if fully subscribed. Each unit will consist of one common share of the Company and one-half non-transferable share purchase warrant. Each full warrant will entitle the holder to acquire one additional common share at a price of C$0.20 per common share within 24 months from the date of issuance.
The units will be sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The Company will pay a commission or finder’s fee to registrants or arm’s-length third parties on the funds raised.
Completion of the offering is subject to the approval of the TSX Venture Exchange and other regulatory approvals. Calibre intends to use the proceeds from the offering for business development and general working capital purposes. Calibre Mining Corp. is a TSX Venture Exchange listed company (TSX.V: CXB) that is focused on the acquisition, exploration and development of gold and copper deposits in Central America.
Calibre Mining Corp.
Signed “Robert Brown”
Robert D. Brown, B.Sc., MBA
President and CEO
For further information contact:
Robert Brown – Vancouver, Canada
604 681 9944
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those with respect to the price of gold, silver or copper, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Calibre Mining Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.