Excelsior Mining Corp. (TSX: MIN; FSE: 3XS; OTCQX: EXMGF) has closed the second and final tranche of its non-brokered private placement, issuing 16,467,200 common shares at a price of C$1.00 per common share for gross proceeds of C$16,467,200 or approximately US $12.8 million.
The second tranche was subscribed for by an affiliate of Greenstone Resources L.P.
Excelsior Mining issued 38,635,200 common shares for aggregate gross proceeds of approximately US $30 million in two tranches.
Excelsior Mining is a mineral exploration and development company that is advancing the Gunnison Copper Project in Cochise County, Arizona.
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