Price per share reflects small premium to closing price on Jan. 10
By Susanna Moon
Chicago, Jan. 11 - Eagle Hill Exploration Corp. said it will raise up to C$6 million in a private placement of flow-through shares. IBK Capital Corp. is the lead agent on a best-efforts basis.
The company will issue up to 36,363,636 flow-through shares at C$0.165 each. The price represents a 3.13% premium to the company's closing price on Jan. 10.
Proceeds will be used for exploration and development of the Windfall Lake property, which comprises 362 contiguous claims, of over 12,000 hectares, in the Abitibi mineralized belt of northern Quebec.
Eagle Hill is a capital pool company based in Vancouver, B.C.
| Issuer: | Eagle Hill Exploration Corp.
|
| Issue: | Flow-through stock
|
| Amount: | C$6 million
|
| Shares: | 36,363,636
|
| Price: | C$0.165
|
| Warrants: | No
|
| Agents: | IBK Capital Corp. (lead)
|
| Pricing date: | Jan. 11
|
| Stock symbol: | TSX Venture: EAG
|
| Stock price: | C$0.16 at close Jan. 10
|
| Market capitalization: | C$16.76 million
|
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