Eagle Hill Exploration Closes Institutional Financing of $1,699,991

Eagle Hill Exploration (TSXV:EAG,OTCQX:EHECF,FWB:EH0) has closed the previously announced Institutional financing led by Laurentian Bank Securities Inc., for a total of $1,699,991 consisting of 4,117,600 common shares issued on a National flow-through basis at $0.17 per share for proceeds of $699,992.

As quoted in the press release:

The Company raised a total of $1,699,991 consisting of 4,117,600 common shares issued on a National flow-through basis at $0.17 per share for proceeds of $699,992 and also issued 5,405,405 common shares on a Quebec flow-through basis at $0.185 per share for proceeds of $999,999. The Company will pay the Agent a cash fee equal to 7% of the gross proceeds raised in connection with the financing.

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