Dec 19 (Reuters) - Excelsior Mining Corp MIN.TO :
* EXCELSIOR MINING CORP ANNOUNCES OVERSUBSCRIPTION OF PRIVATE PLACEMENT
* EXCELSIOR MINING CORP SAYS NON-BROKERED PRIVATE PLACEMENT ANNOUNCED ON DECEMBER 11 HAS BEEN UPSIZED, TO RAISE A TOTAL OF C$38.6 MILLION
* EXCELSIOR MINING CORP - TO RAISE C$38.6 MILLION THROUGH ISSUANCE OF 38.6 MILLION COMMON SHARES OF EXCELSIOR AT A PRICE OF C$1.00 PER COMMON SHARE
* EXCELSIOR MINING - PROCEEDS TO BE USED FOR DEVELOPMENT, CONSTRUCTION, MAINTENANCE OF CO'S GUNNISON COPPER PROJECT, WITH ACQUISITION OF LONG LEAD ITEMS
* EXCELSIOR MINING - ALSO CONFIRMS AFFILIATE OF GREENSTONE RESOURCES INTENDS TO ACQUIRE 16.5 MILLION SHARES IN OFFERING FOR GROSS PROCEEDS OF C$16.5 MILLION