By Devika Patel
Knoxville, Tenn., July 30 - Eaglecrest Explorations Ltd. said its planned $3.31 million private placement of units will be fully subscribed.
The company will sell 33,057,700 units at $0.10 apiece. Each unit consists of one share and a half-share warrant. The whole warrants are exercisable at $0.20 for one year.
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 half-share warrant
|
| Amount: | $3,305,770
|
| Units: | 33,057,700
|
| Price: | $0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.20
|
| Pricing date: | July 30
|
| Stock symbol: | Pink Sheets: EGLXF
|
| Stock price: | $0.0785 at close July 29
|
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