Calibre Mining Corp T.CXB

59.6 million more shares today is concerning

[Coins2paper]

The Toronto Stock Exchange reports that Calibre Mining Corp. will list an additional 59.6 million shares at the open on April 16, 2024. According to the TSX, the listing will cover shares to be issued at $1.68 per share, pursuant to the terms of the short form prospectus dated April 5, 2024.

[geezer21]

It increases the outstanding shares by 1.15% but puts $115,000,000 in the coffers. Calibre has a track record of putting capital to work and producing results. Prior to the closing of Marathon, at 31 Dec '23, Calibre had 557,217,000 shares outstanding and issued 249,800,000 shares to Marathon shareholders for a 44.8 % increase in shares for Marathon that is slated to produce 195,000 ounces