VANCOUVER, British Columbia, April 20, 2018 (GLOBE NEWSWIRE) -- Caliber Minerals Inc., (the "Company" or "Caliber") is pleased to announce a non-brokered private placement for $100,000, consisting of 1,000,000 common shares at a price of $0.10 per share. Net proceeds will be used for working capital purposes, towards obtaining a Canadian exchange listing and due diligence for acquiring new properties. The Company will continue its status as a mineral resource company, focused on base and precious metals, and actively looking to grow its holdings for its shareholders.
About Caliber
Caliber, formerly Silcom Systems Inc., was formed in 2014 under a Plan of Arrangement with Bayhorse Silver Inc., and is presently a reporting issuer in British Columbia. In 2017, the Company entered into an Option Agreement with Cypress Development Corp. to acquire up to an 80% interest the Gunman Zinc/Silver Project in Nevada (news release April 5, 2017), and filed a technical report on SEDAR (Gunman NI-43-101 Technical Report, Effective Date May 30, 2017). On December 5, 2017, the Company entered into an agreement with Pasinex Resources Ltd., Pasinex USA, Inc. (Pasinex, CSE:PSE.CN) and Cypress, whereby Pasinex was granted the option to acquire Caliber’s interest in Gunman in return for cash and shares of Pasinex (news release December 5, 2017). The first installment has been received.
On behalf of the Board
William Willoughby
President & CEO
For further information, please contact
William Willoughby at 208.358.3617
willoughbypllc@outlook.com