Deal has C$1 million greenshoe, funds exploration and development
By Devika Patel
Knoxville, Tenn., Dec. 18 - Eagle Hill Exploration Corp. said it plans a C$2 million private placement of stock with a C$1 million greenshoe.
The company will sell Quebec flow-through shares at C$0.17 apiece, a 2.17% discount to the Dec. 16 closing share price of C$0.46, and flow-through common shares at C$0.185 apiece, an 8.7% premium to the Dec. 16 closing share price.
The deal will be conducted by a syndicate of agents led by Laurentian Bank Securities.
Proceeds will be used for exploration and development of the Windfall Lake Property.
Eagle Hill is a gold and precious metal exploration company based in Vancouver, B.C.
| Issuer: | Eagle Hill Exploration Corp.
|
| Issue: | Quebec flow-through shares, flow-through common shares
|
| Amount: | C$2 million
|
| Greenshoe: | C$1 million
|
| Warrants: | No
|
| Agent: | Laurentian Bank Securities (lead)
|
| Pricing date: | Dec. 17
|
| Stock symbol: | TSX Venture: EAG
|
| Stock price: | C$0.46 at close Dec. 16
|
| Market capitalization: | C$68.61 million
|
|
|
| Quebec flow-through shares
|
| Price: | C$0.17
|
|
|
| Flow-through stock
|
| Price: | C$0.185
|
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