Calibre Mining Announces Closing of US$75 Million Private Placement
VANCOUVER, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (“Calibre”), is pleased to announce that, further to its joint news release with Equinox Gold Corp. (“Equinox”) (see news release dated February 23, 2025), it has closed the private placement issuance of an aggregate principal amount of US$75 million unsecured convertible notes bearing interest at a rate of 5.5% per annum.
About Calibre
Calibre (TSX:CXB) is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities, Calibre will unlock significant value.
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive Officer
For further information, please contact:
Ryan King
SVP Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com
Calibre’s head office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.
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Cautionary Note Regarding Forward Looking Information
This news release includes certain "forward-looking information " and "forward-looking statements " (collectively "forward-looking statements ") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect ", "plan ", "anticipate ", "project ", "target ", "potential ", "schedule ", "forecast ", "budget ", "estimate ", “assume”, "intend ", “strategy”, “goal”, “objective”, “possible” or "believe " and similar expressions or their negative connotations, or that events or conditions "will ", "would ", "may ", "could ", "should " or "might " occur. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Calibre 's control. For a listing of risk factors applicable to the Company, please refer to Calibre 's annual information form (“AIF”) for the year ended December 31, 2023, its management discussion and analysis for the year ended December 31, 2023 and other disclosure documents of the Company filed on the Company’s SEDAR+ profile atwww.sedarplus.ca.
Calibre 's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Calibre does not assume any obligation to update forward-looking statements if circumstances or management 's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.
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