Calibre Mining Announces Closing of US$75 Million Private Placement
Calibre Mining (TSX: CXB; OTCQX: CXBMF) has successfully completed a private placement of US$75 million in unsecured convertible notes. The notes carry an interest rate of 5.5% per annum. This financing arrangement follows a joint announcement with Equinox Gold Corp. made on February 23, 2025.
Calibre Mining (TSX: CXB; OTCQX: CXBMF) ha completato con successo un collocamento privato di 75 milioni di dollari USA in note convertibili non garantite. Le note prevedono un tasso d'interesse del 5,5% annuo. Questo accordo di finanziamento segue un annuncio congiunto con Equinox Gold Corp. effettuato il 23 febbraio 2025.
Calibre Mining (TSX: CXB; OTCQX: CXBMF) ha completado con éxito una colocación privada de 75 millones de dólares estadounidenses en notas convertibles no garantizadas. Las notas tienen una tasa de interés del 5.5% anual. Este acuerdo de financiamiento sigue a un anuncio conjunto con Equinox Gold Corp. realizado el 23 de febrero de 2025.
칼리브르 마이닝 (TSX: CXB; OTCQX: CXBMF)는 7,500만 달러의 무담보 전환 사채의 사모 배정을 성공적으로 완료했습니다. 이 사채는 연 5.5%의 이자율을 가지고 있습니다. 이 자금 조달 계약은 2025년 2월 23일에 에퀴녹스 골드 코퍼레이션과의 공동 발표에 따른 것입니다.
Calibre Mining (TSX: CXB; OTCQX: CXBMF) a réussi à réaliser un placement privé de 75 millions de dollars américains en obligations convertibles non sécurisées. Les obligations portent un taux d'intérêt de 5,5% par an. Cet accord de financement fait suite à une annonce conjointe avec Equinox Gold Corp. faite le 23 février 2025.
Calibre Mining (TSX: CXB; OTCQX: CXBMF) hat erfolgreich eine Privatplatzierung von 75 Millionen US-Dollar in unbesicherten wandelbaren Anleihen abgeschlossen. Die Anleihen haben einen Zinssatz von 5,5% pro Jahr. Diese Finanzierungsvereinbarung folgt einer gemeinsamen Ankündigung mit Equinox Gold Corp., die am 23. Februar 2025 gemacht wurde.
- Secured significant funding of US$75M through convertible notes
- Relatively moderate interest rate of 5.5% in current market conditions
- Potential future dilution for shareholders upon note conversion
- Additional debt burden with 5.5% annual interest payments
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
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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The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.
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 at www.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.
FAQ
What is the interest rate on Calibre Mining's (CXBMF) new convertible notes?
How much did Calibre Mining (CXBMF) raise in its March 2025 private placement?
When did Calibre Mining (CXBMF) announce its joint news release with Equinox Gold?
What type of financing instrument did Calibre Mining (CXBMF) use for its US$75M raise?
