By Laura Lutz
Des Moines, June 18 - Eagle Plains Resources Ltd. plans to conduct a private placement of units for C$1.5 million.
The company intends to sell 1.2 million units of one share and one warrant at C$1.25 per unit. Each warrant will be exercisable at C$1.75 for two years.
The placement will be conducted in connection with a planned strategic alliance between Eagle Plains and Teck Cominco Ltd.
Eagle Plains is a mineral exploration company based in Cranbrook, B.C.
| Issuer: | Eagle Plains Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 1.2 million
|
| Price: | C$1.25
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.75
|
| Pricing date: | June 18
|
| Stock symbol: | TSX Venture: EPL
|
| Stock price: | C$0.76 at close June 15
|
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