By Devika Patel
Knoxville, Tenn., Oct. 12 - Eaglecrest Explorations Ltd. announced it plans a $4.77 million private placement of units.
Eaglecrest will sell 36,706,361 units at $0.13 apiece. Each unit consists of one share and warrant. The two-year warrants are exercisable at $0.15 for the first year and at $0.30 thereafter.
Proceeds will be used to continue the company's infill and delineation drilling program at its San Simon gold project in Bolivia.
Based in Vancouver, B.C., Eaglecrest is a gold exploration company.
Issuer: | Eaglecrest Explorations Ltd.
|
Issue: | Units of one share and one warrant
|
Amount: | $4,771,827
|
Units: | 36,706,361
|
Price: | $0.13
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | $0.15 in the first year; $0.30 in the second year
|
Pricing date: | Oct. 12
|
Stock symbol: | TSX Venture: EEL
|
Stock price: | C$0.145 at close Oct. 11
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.