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| Home : Eagle Mountain Announces Non-Brokered Private Placement |
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Jul 31
2013 |
Eagle Mountain Announces Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2013) - Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company") (TSX VENTURE:Z)(FRANKFURT:E9X)(OTCQX:EMGCF) announces the arrangement of a non-brokered private placement of up to 10,000,000 units ("Units") at a price of $0.06 per Unit for total gross proceeds of approximately $600,000. Each Unit shall consist of one common share (a "Share") and one transferable share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share (a "Warrant Share") at a price of $0.10 for a period of two years from the closing date of the private placement. The Company has agreed to pay finders' fees comprising an 8% commission payable to Weiser Capital Management ("Weiser") of Nassau, Bahamas, at the sole election of Weiser in cash or units (the "Finder's Units") at a deemed price of $0.06 per Finder's Unit. Each Finder's Unit shall consist of one common share and one non-transferable share purchase warrant (a "Finder's Warrant") entitling the holder thereof to purchase one common share of the Company at a price of $0.10 per share for a term of 24 months from closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1816342&sourceType=3 |
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