Eagle Hill Closes Final Tranche of Non-Brokered Private Placement

Eagle Hill Exploration Corporation (TSXV:EAG,OTCQX: EHECF) has closed the final tranche of the non-brokered private placement previously announced on April 22, 2014. In the final tranche, Eagle Hill raised $32,500, bringing the total raised pursuant to the offering to approximately $2.74 million. The funds will be used for general working capital.

As quoted in the press release:

In the final tranche of the Offering the Company issued 650,000 units of the Company (the “Units”) at $0.05 per Unit. Each Unit consists of one common share (a “Share”) and one share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to acquire one Share at a price of $0.08 until June 20, 2016. The Shares, Warrants and Shares issuable upon exercise of the Warrants are subject to a four-month hold expiring on October 21, 2014. Eagle Hill has received conditional approval from the TSX Venture Exchange for the Offering.

Click here to read the Eagle Hill Exploration Corporation (TSXV:EAG) press release