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Calico Announces Completion of Non-Brokered Private Placement Financing, Engagement of Investor Relations Consultant and Grant of Options
Published : October 12, 2012
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Calico Announces Completion of Non-Brokered Private Placement Financing, Engagement of Investor Relations Consultant and Grant of Options

VANCOUVER, Oct. 12, 2012 /CNW/ - Calico Resources Corp. (TSXV: CKB) (the "Company" or "Calico") is pleased to announce the closing of its non-brokered private placement originally announced on September 7, 2012. The Company issued 3,321,000 units at a price of $0.25 per unit. The total gross proceeds raised in this placement amount to CDN$830,250.00.

Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant is exercisable into one additional common share at a price of $0.40 per share for a period of two years, expiring October 12, 2014.

The Company paid a cash finder's fee of $36,837.50 in connection with the private placement to certain parties who were instrumental in introducing investors to the Company.  In addition, The Company issued 147,350 Finders Warrants, exercisable for a period of two years into one common share at a price of $0.40 per share, expiring October 12, 2014.

All securities issued by the Company in connection with the private placement are subject to a statutory hold period and may not be traded until February 13, 2013.

The net proceeds from the Offering will be used for exploration and development on the Company's Grassy Mountain Project and for general working capital.

In addition, effective October 2, 2012, Calico has retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills") to act as investor relations consultants to the Company.

Torrey Hills is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills will increase awareness about Calico through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow Calico to build and maintain an informed investor audience in both the U.S and Canadian marketplace.

Torrey Hills will also develop a profile on Calico for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.

The Company also announces the grant of an aggregate 220,000 incentive stock options to various consultants, pursuant to its incentive stock option plan.  These options are exercisable for a period of three years from the date of grant at a price of $0.40 per share

Torrey Hills currently has no direct or indirect interest in the securities of Calico, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.

The appointment of Torrey Hills as an investor relations consultant of Calico and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

On behalf of the Board,

Arden B. Morrow
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations.  All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound.

SOURCE: Calico Resources Corporation

For further information:

Terri Anne Welyki - Vice-President of Corporate Development - 604-681-6855.

Calico Resources

DEVELOPMENT STAGE
CODE : CKB.V
ISIN : CA13000L1067
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Calico is based in Canada.

Its main asset in development is GRASSY MOUNTAIN in USA.

Calico is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.0 millions, € 11.8 millions).

Its stock quote reached its highest recent level on August 26, 2011 at CA$ 0.60, and its lowest recent point on August 07, 2015 at CA$ 0.06.

Calico has 102 445 845 shares outstanding.

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Financings of Calico Resources
7/27/2014Announces Closing of its Third and Final Tranche of its Non-...
6/19/2014Announcement of Extension of Private Placement Financing
10/16/2013Withdraws Application to Re-price Warrants
6/19/2013Closes June 8, 2013 Warrant Exercise
4/15/2013Announces Completion of the Second And Final Tranche of its ...
10/12/2012Announces Completion of Non-Brokered Private Placement Finan...
6/13/2011Announces Completion of Non-Brokered Private Placement
5/24/2011Announces Non-Brokered Private Placement Financing
Option Grants of Calico Resources
6/10/2011Grants 345,000 Stock Options
Nominations of Calico Resources
7/18/2011Appoints Mr Roderick Chisholm to Board of Directors
Project news of Calico Resources
12/3/2013(Grassy Mountain)to sell its Grassy Mountain Gold Project
1/14/2013(Grassy Mountain)Reports Positive Results from 2012 Drilling at Grassy Mounta...
7/11/2012(Grassy Mountain)REACHES MAJOR PERMITTING MILESTONE AT GRASSY MOUNTAIN PROJEC...
2/21/2012(Grassy Mountain)Initiates Mine Permitting Process for Grassy Mountain
12/15/2011(Grassy Mountain)CONTINUES TO DRILL SIGNIFICANT LENGTHS OF HIGH GRADE GOLD AT...
8/10/2011(Grassy Mountain)Commences Drilling
6/15/2011Receives Final Approval NI 43-101
6/10/2011(Grassy Mountain)Receives Final Approval on Grassy Mountain
5/4/2011(Grassy Mountain)Designes Phase I Core Drilling Program for Grassy Mountain P...
5/3/2011(Grassy Mountain)designs Phase I core drilling program based on historic core...
3/25/2011(Grassy Mountain)Calico Aims to Acquire Grassy Mountain Project
3/24/2011(Grassy Mountain)Aims to Acquire Grassy Mountain Project
Corporate news of Calico Resources
8/8/2014Seabridge Gold Acquires an Additional 2,896,000 Common Share...
7/22/2014Calico Announces Appointment of Rudi P. Fronk as a Director
7/7/2014Calico Announces Completion of the Second Tranche of its Non...
9/13/2013Seabridge Gold Acquires an Additional 1,671,000 Common Share...
5/22/2013Announces Proposed Re-Pricing of Warrants
3/13/2013(Grassy Mountain)Achieves Significant Permitting Milestone at Grassy Mountain
2/6/2013(Grassy Mountain)Exercise of Grassy Mountain Option
3/29/2012(Grassy Mountain)Accelerates Exercise of Grassy Mountain Option
2/14/2012=?utf-8?Q?=e2=80=99s_Grassy_Mountain_Exceeds_1,250,000_ounce...
1/18/2012(Grassy Mountain)Expects Recoveries up to 95% Au at Grassy Mountain
1/17/2012at Cambridge Conference
1/17/2012Host Open House in Oregon
12/6/2011Streetwise- Jay Taylor
5/12/2011(Grassy Mountain)Receives Conditional Approval for Grassy Mountain Option Agr...
4/29/2011(Grassy Mountain)Taylor Says Buy Calico as it buys Grassy Mountain
4/26/2011(Grassy Mountain)Announces Submission of Grassy Mountain NI 43-101 Technical ...
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