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| Home : Eagle Hill Closes Financing With SIDEX, SDBJ and Cree Mineral Exploration Board |
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May 23
2012 |
Eagle Hill Closes Financing With SIDEX, SDBJ and Cree Mineral Exploration Board |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 23, 2012) - Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") (TSX VENTURE:EAG) is pleased to announce the close of its financing with SIDEX Limited Partnership ("SIDEX"), La Société de Développement de la Baie-James ("SDBJ") and Cree Mineral Exploration Board ("CMEB") for gross proceeds of $300,020 (the "Offering").
The Company has issued 2,142,999 units (the "Units"), at a purchase price of $0.14, with each Unit consisting of one common share and one full warrant, exercisable at a price of $0.20 for a period of one year after the closing of the Offering. This warrant contains an acceleration clause requiring the placees to exercise the warrants should the Company's shares trade at or above $0.30 for a period of 20 consecutive trading days. |
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| Source:http://www.marketwire.com/mw/release.do?id=1660924&sourceType=3 |
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