By Sheri Kasprzak
New York, Dec. 20 - Eagle Plains Resources Ltd. said it has concluded a private placement for C$1,310,735.
The company issued 1,276,427 non flow-through units at C$0.70 each and 417,237 flow-through shares at C$1.00 each.
The units are comprised of one share and one warrant. The warrants are exercisable at C$1.00 each for two years.
The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$1.00 for more than 10 consecutive trading days.
The offering 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. It was upsized to C$1.17 million on Nov. 17.
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 Inc.
|
| Issue: | Flow-through shares and units of one share and one warrant
|
| Amount: | C$1,310,735
|
| Pricing date: | Nov. 10
|
| Upsized: | Nov. 17
|
| Settlement date: | Dec. 19
|
| Stock price: | C$0.70 at close Nov. 10
|
| Stock price: | C$0.70 at close Nov. 17
|
| Stock price: | C$0.74 at close Dec. 19
|
|
|
| Flow-through shares
|
| Shares: | 417,237
|
| Price: | C$1.00
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 1,276,427
|
| Price: | C$0.70
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
