Published on 4/6/2005 in the Prospect News PIPE Daily.
New Issue: Eaglecrest plans $2.8 million private placement of units
By Sheri Kasprzak
Atlanta, April 6 - Eaglecrest Explorations Ltd. said it plans to raise $2,806,700 in a private placement.
The offering includes 28,067,000 units at $0.10 each.
The units are comprised of one share and one warrant. The warrants are exercisable at $0.10 each for two years.
Based in Vancouver, B.C., Eaglecrest is a gold exploration company.
Issuer: | Eaglecrest Explorations Ltd.
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Issue: | Units of one share and one warrant
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Amount: | $2,806,700
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Units: | 28,067,000
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Price: | $0.10
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $0.10
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Pricing date: | April 5
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Stock price: | $0.095 at close April 5
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