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VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) — Caliber Mining Corp. (TSX: CXB, OTCQX: CXBMF) (the “Company” or “Caliber”) announced today that Underwriter Syndicate. The underwriters have agreed to purchase 59,600,000 shares of the Company's common stock (the “Common Shares”) on a purchase transaction basis at a price of $1.68 per Common Share for gross proceeds of $100 million (the “Offering thing”). The Company has granted the underwriters an option to purchase up to an additional 15% of the Offering, exercisable at the Offering Price, for a period of 30 days following the closing of the Offering, to cover over-allotments, if any. The offering is expected to close on or about April 16, 2024 and is subject to Caliber receiving all necessary regulatory approvals.
The net proceeds from the offering will be used to (i) continue the development of the Company's Valentine Gold Project, El Limón Mine, La Libertad Mine and Pan Mine, and (ii) advance its exploration program. (iii) general corporate capital and working capital purposes;
The common shares may be offered by shortened prospectus in all provinces and territories of Canada except Quebec and by private placement in the United States.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and will not be offered or sold in the United States absent registration or an applicable exemption from registration. I can not do it. requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Masu.
About caliber
Caliber is a Canadian-listed, growing mid-market gold producer focused on the Americas, with strong development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. I have a pipeline. Caliber is focused on delivering sustainable value to its shareholders, community and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, proven management team, strong operating cash flow, development projects and district-wide exploration opportunities, Caliber creates significant value.
For more information, please contact us below.
ryan king
SVP in charge of management development and IR
Phone number: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com
Cautionary Note Regarding Forward-Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. I am. All statements contained in this news release that refer to events or developments that are expected to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and include statements such as “expectations,” “plans,” “forecasts,” “projects,” “goals,” “potentials,” “schedules,” and “forecasts.” Identified by words. “budget,” “estimate,” “intend,” or “believe” and similar expressions, or their negative connotations, or the words “budget,” “estimate,” “intend,” or “believe,” or their negative connotations, or whether an event or condition “will,” “will,” or “might” “will not,” “could,” “should,” or “might” occur. Forward-looking statements in this news release include the expected use of proceeds and the anticipated closing date of the offering. , including, but not limited to, our expectations for future growth, cash flows and value. Forward-looking statements necessarily involve assumptions, risks and uncertainties and are subject to change. Some are beyond Caliber's control. For a list of risk factors applicable to us, please refer to Caliber's Annual Information Form (“AIF”) for the year ended December 31, 2023 and See Management Discussion and Analysis (“MD&A”). 2023, all available on the company's SEDAR+ profile at www.sedarplus.ca. This list is not exhaustive of the factors that may affect Caliber's forward-looking statements.
Caliber's forward-looking statements are based on applicable assumptions and factors that management believes to be reasonable based on information available to management as of the date hereof. Such assumptions include, but are not limited to: We are able to mine and process higher grades and continue to keep production costs relatively flat. No increase in production costs due to supply chain issues. Additionally, there is no unfavorable decline in metal prices or cut-off grades at our facility. Caliber undertakes no obligation to update any 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 any forward-looking statements will prove to be accurate, and actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. Therefore, you should not place undue reliance on forward-looking statements.
