Eagle Hill Exploration Increases Financing, Re-Prices

Eagle Hill Exploration Corporation (TSXV:EAG,OTCQX: EHECF) is both re-pricing and increasing its non-brokered private placement announced last month. Under the revised terms of the private placement Eagle Hill plans to raise up to $3.5 million by issuing approximately 70 million units of the company at $0.05 per unit.

As quoted in the press release:

Dundee Corporation (“Dundee”) and Southern Arc Minerals Inc. (“Southern Arc”) have agreed to participate in the private placement, investing approximately $1 million each. Eagle Hill is offering up to $1.5 million to interested investors, and will pay a 6% cash finder’s fee for placement of up to 30 million Units.

Proceeds from the Revised Offering will be used for general working capital and to advance the Windfall Lake Gold Project.

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