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Thu, November 12, 2009Wed, November 11, 2009Tue, November 10, 2009Mon, November 9, 2009Sun, November 8, 2009Fri, November 6, 2009Thu, November 5, 2009Wed, November 4, 2009Tue, November 3, 2009Mon, November 2, 2009Sun, November 1, 2009Fri, October 30, 2009Thu, October 29, 2009Wed, October 28, 2009Tue, October 27, 2009Mon, October 26, 2009Fri, October 23, 2009Thu, October 22, 2009Wed, October 21, 2009Tue, October 20, 2009Mon, October 19, 2009Sun, October 18, 2009Fri, October 16, 2009Thu, October 15, 2009Wed, October 14, 2009Tue, October 13, 2009Mon, October 12, 2009Sun, October 11, 2009Fri, October 9, 2009Thu, October 8, 2009Wed, October 7, 2009Tue, October 6, 2009Mon, October 5, 2009Sun, October 4, 2009Fri, October 2, 2009Thu, October 1, 2009Wed, September 30, 2009Eagle Hill Continues Financing Efforts With IBK Capital
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Published in House and Home on Friday, October 23rd 2009 at 12:59 GMT, Last Modified on 2009-10-26 13:07:38 by Market Wire🞛 This publication is a summary or evaluation of another publication
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2009) - Eagle Hill Exploration Corp. (TSX VENTURE:EAG) ("Eagle Hill" or the "Company"), is very pleased to announce that further to its previously announced Arrangement Agreement with IBK Capital Corporation ("IBK" or the "Agent") it is offering flow through units consisting of one common share and one half warrant at a purchase price of $0.15 per flow through unit (the "FT Units" for gross proceeds of up to $250,000.
The proceeds will be used to satisfy flow-through exploration expenditures on the Company's Windfall Lake Property. With respect to flow-through offerings, these activities will be eligible for Canadian Exploration Expenses and renounced in favour of the subscribers of the flow-through shares effective on or before December 31, 2010.
The Company will pay the Agent a cash fee equal to nine percent (9%) of the gross proceeds raised in connection with the Arrangement. IBK Capital may elect to receive its cash fee in common shares of the Company at the issue price of the units of the financing. In addition, IBK Capital will receive warrants equal to ten percent (10%) of the number of units subscribed for, exercisable over a four year period at $0.15.
Closing of the $250,000 financing is anticipated to occur on or before October 30, 2009, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of gold and precious metal prospects. In North America the Company is set to become an advanced stage gold and precious metal exploration company with its acquisition of the Windfall Lake high grade gold project, located in Urban Township, Quebec, between Val D'or and Chibougamau. Eagle Hill seeks projects that contain or have potential to contain high grades and large tonnage potential. The Company's website at[ www.eaglehillexploration.com ] and public filings at [ www.sedar.com ] provide additional information on its properties and other information with respect to its management and operations.
ON BEHALF OF THE BOARD
P. Bradley Kitchen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
