Cabral Gold Inc. is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement . The Private Placement was oversubscribed and the Company currently anticipates issuing a total of 14,126,250 units at a price of $0.16 per unit for gross proceeds of $2,260,200 pursuant to the Private Placement. The first tranche closing will consist of a total of 11,688,750 Units for gross proceeds of $1,867,000. The Company anticipates closing the second and final tranche of the Private Placement, consisting of 2,457,500 Units for gross proceeds of $393,200, in the next few days. Each Unit consists of one common share in the capital of the Company and one half of one common share purchase warrant . Each Warrant is exercisable for two years fo...