Excalibur Resources Ltd. Signs LOI for Vancouver Clinic
TORONTO, June 15, 2015 - Excalibur Resources Ltd. ("Excalibur" or the "Company") (CSE:XBR) (OTCQX:EXCFF) (FRANKFURT:X9CN) has signed a letter of intent to acquire the longest practicing naturopathic clinic in Vancouver, British Columbia called the Vancouver Naturopathic Clinic Ltd. for $100,000 in cash plus a 2 year $100,000 vendor take back note, for which either amount can be settled in shares at the option of the vendor on closing. The clinic's founder and owner is Dr. Stefan Kuprowsky who has been in practice over 30 years as a Naturopathic Physician as well as a consultant, writer, lecturer, radio host and teacher in the natural health industry. He has served as President of the BC Naturopathic Association and is currently serving on the Board of the College of Naturopathic Physicians of British Columbia as Chairman of the Quality Assurance Committee. He is also a professor at the Boucher Institute of Naturopathic Medicine in New Westminster. Dr. Kuprowsky has studied mind-body medicine with Deepak Chopra and is a certified instructor for Dr. Chopra's Creative Health program. According to Dr. Kuprowsky, "The wellness sector has become a multi-billion dollar industry and naturopathic doctors are the most qualified professionals leading this field. As the baby boomers reach retirement age, the demand for anti-aging and integrated chronic disease management will continue to increase dramatically. This sector represents a timely growth opportunity as it matures and evolves into a corporate structure with more profitable vertical integration into the private health market."
See http://www.vancouvernaturopathicclinic.com/.
"Given the ongoing challenges and lack of interest in the resource sector, we think it is prudent to diversify and make an investment in the burgeoning healthcare sector, where we see an opportunity for organic growth through enhanced marketing and consolidation," commented Tim Gallagher, Chairman and CEO of Excalibur.
Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious metal mineral resources.
On behalf of the Board of Directors:
Tim Gallagher
Chairman & CEO
Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contact
Excalibur Resources Ltd.
416-925-0090
info@excaliburresources.ca
www.excaliburresources.ca
