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Excalibur Resources closes second tranche

Wed, Nov 25, 2009

Silver Company News

Excalibur Resources Ltd. (CNSX:XBR)(FRANKFURT WKN:A0MMDH) today reported that the company has closed the second tranche of a non-brokered private placement announced October 5, 2009 and issued an additional 18,000,000 shares at $0.01 per share for proceeds of $180,000.

The press release is quoted as saying:

Of the total gross proceeds of $700,000 raised, $431,500 will be utilized for eligible Canadian exploration expenses incurred in exploration programs on the Company’s Silver King project located in the Nelson Mining Division of British Columbia and the Sturgeon Lake project located in northwestern Ontario.

Click here to access the entire press release

Click here to access Excalibur Resources Corporate Site

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  • For upcoming silver investing trade shows, see the following links: The Silver Summit, Cambridgehouse, IIC, Chicago Resource Expo

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  • SilverInvestingNews.com maintains a focus on Silver exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

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  • The Silver Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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