By Laura Lutz
Des Moines, June 27 - Eagle Hill Exploration Corp. plans to conduct a C$1.3 million private placement of flow-through shares.
The company intends to sell 6.5 million flow-through shares at C$0.20 each.
The placement will be conducted in connection with Eagle Hill's acquisition from War Eagle Mining Co. Inc. of a 70% interest in a mineral property in the Northwest Territories. The acquisition will serve as Eagle Hill's qualifying transaction.
Proceeds will be used for expenses on the property in the next two years.
Eagle Hill is a capital pool company based in Vancouver, B.C.
| Issuer: | Eagle Hill Exploration Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.3 million
|
| Shares: | 6.5 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Pricing date: | June 27
|
| Stock symbol: | TSX Venture: EAG.P
|
| Stock price: | C$0.25 at close June 26
|
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