By Sheri Kasprzak
New York, Nov. 18 - Eagle Plains Resources Ltd. said it upsized to C$1.17 million its previously announced private placement.
The company plans to sell up to 400,000 flow-through shares at C$1.00 each and up to 1.1 million non flow-through units at C$0.70 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$1.00 each for two years.
The deal was first announced Nov. 10 as a C$790,000 offering of 300,000 flow-through shares and up to 700,000 units under the same terms.
Proceeds will be used for exploration on the company's assets in British Columbia.
Based in Cranbrook, B.C., Eagle Plains is a gold and base metals exploration and development company.
Issuer: | Eagle Plains Resources Ltd.
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Issue: | Flow-through shares and units of one share and one warrant
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Amount: | C$1.17 million (maximum)
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Pricing date: | Nov. 10
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Upsized: | Nov. 17
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Stock price: | C$0.69 at close Nov. 18
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Flow-through shares
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Shares: | 400,000 (maximum)
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Price: | C$1.00
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Warrants: | No
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Units
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Units: | 1.1 million (maximum)
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Price: | C$0.70
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$1.00
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