Brief: Excelsior announces private placement of C$26 mln

Gunnison Copper

11/12/2017 15:22

Dec 11 (Reuters) - Excelsior Mining Corp  MIN.TO : 
    * EXCELSIOR ANNOUNCES PRIVATE PLACEMENT OF C$26 MILLION 
    * NET PROCEEDS OF OFFERING WILL BE USED FOR DEVELOPMENT, 
CONSTRUCTION, MAINTENANCE OF GUNNISON COPPER PROJECT 
    * INTENDS TO UNDERTAKE NON-BROKERED PRIVATE PLACEMENT 
THROUGH 
ISSUANCE OF UP TO 26 MILLION SHARES OF CO AT CDN$1.00 PER COMMON 
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