Eagle Mountain Announces Non-Brokered Private Placement
24 Agosto 2012 - 3:38PM
("Eagle Mountain" or the "Company") (Z: TSX-V) (Frankfurt: E9X)
(OTCQX: SDMTD) Eagle Mountain announces that it has entered into a
finder's fee agreement with Weiser Capital Management ("Weiser") of
Nassau, Bahamas, pursuant to which Weiser has arranged an initial
tranche of a non-brokered private placement of up to 1,852,000
units ("Units") at a price of $0.135 per Unit for total gross
proceeds of approximately $250,000. 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 $0.18 for a
period of 5 years from the closing date of the private placement.
The Company has agreed to pay finders' fees comprising an 8%
commission payable at the sole election of the finder in cash or
units (the "Finder's Units") at a deemed price of $.17 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 shares of the
Company at a price of $.18 per share for a term of 24 months from
closing. This placement represents the first of several
proposed tranches of financing of up to an aggregate of 15,000,000
Units for total gross proceeds of $2,025,000 to be arranged by
Weiser. The proceeds of the private placement will be used
to fund the advancement of the Company's Eagle Mountain Project in
Guyana, and for general working capital.
The private placement is subject to TSX Venture Exchange
acceptance. This news release does not constitute an offer to sell
or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"), or any state securities laws and
may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available. On behalf of The Board of Directors of
Eagle Mountain Gold Corp. "Ioannis (Yannis) Tsitos"
President, CEO & Director This document contains certain
forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the corporations control which
may cause actual results, performance or achievements of the
corporation's to be materially different from the results,
performance or expectation implied by these forward looking
statements.
Neither the 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.
The Eagle Mountain Gold Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13828
CONTACT: Ioannis (Yannis) Tsitos
President, CEO
Phone: 604.806.0916
Email: info@eaglemountaingoldcorp.com
Zinc One Resources (TSXV:Z)
Gráfica de Acción Histórica
De Mar 2025 a Abr 2025
Zinc One Resources (TSXV:Z)
Gráfica de Acción Histórica
De Abr 2024 a Abr 2025
Real-Time news about Zinc One Resources Inc (TSX Venture Exchange): 0 recent articles
Más de Artículos de Noticias