Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.

TSX:CXB - Post by User

Calibre Mining Corp > Manson

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Comment by JayBankson Nov 29, 2023 11:46pm

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Post# 35760237

RE:RE:RE:RE:RE:Manson

"Seriously Diluted" = approximately 14-15%

The private placement on the deal was pretty much the final finacing likely needed to get through to production, which was done so that if this merger gets interesting in the final approvals, at least at ground level, the mine would be completed on the current projected timeline.

It's also a protection mechanism to raise the cost for rival competitive bids and I'm pretty sure CBX shares would be voteable on anouther bid (I don't know that they count for voting on CBX's bid, not that it would matter much anyway)... It was a smart add on in many ways to make things roll smoothly...

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