TORONTO, ONTARIO--(Marketwire - April 16, 2012) - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CNSX:XBR)(FRANKFURT WKN:A0MMDH) announces that it has arranged a non-brokered private placement of up to 6,000,000 Units at $0.145 per Unit for a total of $870,000. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant is exercisable to acquire an additional common share at $0.20 per share for a one year period.
Net proceeds will be applied to working capital and to the Company's Catanava gold production project in Mexico.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources.
On behalf of the Board of Directors:
Tim Gallagher, Chairman
The CNSX has neither approved nor disapproved of the contents of this press release.
Contact Information:
Tim Gallagher
Chairman
416-987-0298
info@excaliburresources.ca
www.excaliburresources.ca