Published on 1/13/2006 in the Prospect News PIPE Daily.
New Issue: Eaglecrest prices $2.38 million private placement of units
By Sheri Kasprzak
New York, Jan. 13 - Eaglecrest Explorations Ltd. said it has negotiated a non-brokered private placement for $2,377,740.
The offering includes 14,860,875 units at $0.16 each.
The units are comprised of one share and one warrant. The warrants are exercisable at $0.16 each for two years.
Based in Vancouver, B.C., Eaglecrest is a gold exploration company.
| Issuer: | Eaglecrest Explorations Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $2,377,740
|
| Units: | 14,860,875
|
| Price: | $0.16
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.16
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 12
|
| Stock symbol: | OTCBB: EGLXF
|
| Stock price: | $0.1534 at close Jan. 12
|
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