Deal offers Quebec flow-through shares, national flow-through shares
By Devika Patel
Knoxville, Tenn., Aug. 28 - Eagle Hill Exploration Corp. said it will raise C$3 million in a private placement of stock via lead agent Laurentian Bank Securities.
The company will sell Quebec flow-through shares at C$0.185 per Quebec flow-through share and national flow-through shares at C$0.17 per national flow-through share. The price per Quebec share is a 15.63% premium to C$0.16, the Aug. 27 closing share price. The price per national share is a 6.25% premium to that price.
Proceeds will be used for exploration and development of the Windfall Lake Property.
Eagle Hill is a gold and precious metal exploration company based in Vancouver, B.C.
| Issuer: | Eagle Hill Exploration Corp.
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| Issue: | Quebec flow-through shares, national flow-through shares
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| Amount: | C$3 million
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| Warrants: | No
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| Agent: | Laurentian Bank Securities (lead)
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| Pricing date: | Aug. 28
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| Stock symbol: | TSX Venture: EAG
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| Stock price: | C$0.16 at close Aug. 27
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| Market capitalization: | C$24.57 million
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| Quebec shares
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| Price: | C$0.185
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| National shares
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| Price: | C$0.17
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