Business
Excalibur Resources Purchasing Gold Stream from Mine in Peru and Announcing Private Placement - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2016) - Excalibur Resources (CSE: XBR)...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"Excalibur Resources Purchasing Gold Stream from Mine in Peru and Announcing Private Placement - Video News Alert on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - March 9, 2016) - Excalibur Resources (CSE: XBR) (OTCQX: EXCFF) (FSE: X9CN), a company focused on the acquisition, investment and development of small gold and silver mines, is planning to purchase a gold stream from an open pit gold mine in Peru.InvestmentPitch Media has produced a \"video news alert\" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Excalibur\" in the search box. If you cannot view the video above, please visit: http://www.investmentpitch.com/video/0_6ltbsl0u/Excalibur-Resources-CSEXBR-Acquiring-Gold-Stream-in-Peru-and-Announcing-FinancingThe company's unique strategy is the micro-mining of shallow, high grade, low capex, high margin, existing and historic gold deposits.The open pit gold mine in Peru has averaged 35,000 ounces of annual gold production over the previous 4 years. Excalibur plans to finance the gold stream purchase by a proposed 5 year debt offering with attached warrants.Tim Gallagher, Chairman and CEO of Excalibur, stated: \"After a long period of lack of interest and declining prices in the gold resource sector since the gold price peaked in 2011, it appears we are at the beginning of a new gold cycle, which could lead to record prices in the next 5 years as global gold production declines, while gold demand remains solid due to an uncertain global economic outlook and low or negative interest rates for the foreseeable future. We believe this is an ideal time to be investing in an existing gold cash flow project with a strong growth profile.\" The company also announced a non-brokered private placement of up to $200,000 through the issuance of 10 million shares at $0.02. The funds will be used for due diligence, marketing and working capital in respect of the proposed transaction.For more information, please visit the company's website www.excaliburresources.ca, or contact Tim Gallagher, Chairman & CEO, at 416-925-0090 or email [email protected] InvestmentPitch MediaInvestmentPitch Media is arguably the largest producer and distributer of video content, primarily for small and mid-cap companies. The company specializes i...