Edition:
India

Excelsior Mining Announces Oversubscription Of Private Placement


Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Excelsior Mining Corp ::EXCELSIOR MINING CORP ANNOUNCES OVERSUBSCRIPTION OF PRIVATE PLACEMENT.EXCELSIOR MINING CORP SAYS NON-BROKERED PRIVATE PLACEMENT ANNOUNCED ON DECEMBER 11 HAS BEEN UPSIZED, TO RAISE A TOTAL OF C$38.6 MILLION.EXCELSIOR MINING CORP - TO RAISE C$38.6 MILLION THROUGH ISSUANCE OF 38.6 MILLION COMMON SHARES OF EXCELSIOR AT A PRICE OF C$1.00 PER COMMON SHARE.EXCELSIOR MINING - PROCEEDS TO BE USED FOR DEVELOPMENT, CONSTRUCTION, MAINTENANCE OF CO'S GUNNISON COPPER PROJECT, WITH ACQUISITION OF LONG LEAD ITEMS.EXCELSIOR MINING - ALSO CONFIRMS AFFILIATE OF GREENSTONE RESOURCES INTENDS TO ACQUIRE 16.5 MILLION SHARES IN OFFERING FOR GROSS PROCEEDS OF C$16.5 MILLION. 

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