Published on 9/17/2012 in the Prospect News PIPE Daily.
Eagle Hill Exploration places C$3.34 million stock in private offering
Proceeds slated for exploration, development of Windfall Lake property
By Susanna Moon
Chicago, Sept. 17 - Eagle Hill Exploration Corp. said it raised C$3,338,000 from a private placement of flow-through stock via lead agent Laurentian Bank Securities. The deal priced for C$3 million on Aug. 28.
The company sold 8,336,918 Quebec flow-through shares at C$0.185 per Quebec flow-through share and 10,563,235 national flow-through shares at C$0.17 per national flow-through share. The price per Quebec share is a 15.63% premium to C$0.16, the Aug. 27 closing share price. The price per national share is a 6.25% premium to that price.
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, national flow-through shares
|
| Amount: | C$3,338,000
|
| Warrants: | No
|
| Agent: | Laurentian Bank Securities (lead)
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 17
|
| Stock symbol: | TSX Venture: EAG
|
| Stock price: | C$0.16 at close Aug. 27
|
| Market capitalization: | C$24.57 million
|
|
|
| Quebec shares
|
| Amount: | C$1,542,330
|
| Shares | 8,336,918
|
| Price: | C$0.185
|
|
|
| National shares
|
| Amount: | C$1,795,750
|
| Shares | 10,563,235
|
| Price: | C$0.17
|
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