Non-brokered deal funds working capital and general corporate purposes
By Devika Patel
Knoxville, Tenn., Sept. 27 - War Eagle Mining Co. Inc. said it settled a C$990,000 non-brokered private placement of units. The deal priced for C$1 million on Sept. 7.
The company sold 3.96 million units of one common share and one warrant at C$0.25 per unit.
Each warrant will be exercisable at C$0.34, which is identical to the Sept. 6 closing share price, until Sept. 26, 2013.
Proceeds will be used for working capital and general corporate purposes.
War Eagle is a zinc, lead, gold and germanium explorer based in Vancouver, B.C.
| Issuer: | War Eagle Mining Co. Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$990,000
|
| Units: | 3.96 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Sept. 26, 2013
|
| Warrant strike price: | C$0.34
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 27
|
| Stock symbol: | TSX Venture: WAR
|
| Stock price: | C$0.34 at close Sept. 7
|
| Market capitalization: | C$1.55 million
|
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