Key Developments: Ressources Eastmain Inc (EANRF.PK)
0.28USD
18 Jun 2013
$-0.01 (-4.55%)
$0.29
$0.28
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$0.27
26,300
7,184
$1.07
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Latest Key Developments (Source: Significant Developments)
Eastmain Resources Inc Closes $3 Million Private Placement Financing With Goldcorp Inc.
Eastmain Resources Inc announce that it has closed a non brokered private placement of 3,000,000 flow through common shares at a price of $1.00 per FT Share, for aggregate gross proceeds of $3.0 million. Goldcorp Inc. subscribed for the entire placement, thereby increasing their ownership in Eastmain to 9.9%. All securities issued pursuant to the placement are subject to a hold period of four months and one day from the date of closing. A finder's fee of $150,000 was paid in connection with the private placement offering. No warrants were issued with this offering, which remains subject to the final approval of the Toronto Stock Exchange. Proceeds of this placement will be used to towards advancing the Company's exploration portfolio in Quebec. Full Article
Eastmain Resources Inc Closes $4.6 Million Private Placement
Eastmain Resources Inc announced that it has completed a non-brokered private placement of 5,709,133 flow through common shares (FT Shares) at an average price of $0.81 per FT Share, for aggregate gross proceeds of approximately $4.60 million. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. The placement is subject to final approval of the TSX. Proceeds will be used to finance the exploration of Eastmain's Quebec project portfolio. Full Article
Eastmain Resources Inc Arranges $3 Million Private Placement Financing With Goldcorp Inc
Eastmain Resources Inc announced that it has arranged a non-brokered private placement of 3,000,000 flow through common shares (FT Shares) at a price of $1.00 per FT Share, for aggregate gross proceeds of $3.0 million. All securities issued pursuant to the placement are subject to a hold period of four months and one day from the date of closing. Proceeds will be used to continue to expand and advance the Clearwater Project, which includes the high-grade Eau Claire gold deposit, towards potential development. Proceeds from the placement will be also used to escalate work on the rest of the Company's exploration portfolio in Quebec. Full Article
Eastmain Resources Inc Arranges $4.31 Million Private Placement Financing
Eastmain Resources Inc announced that it has arranged a non-brokered private placement of 5,330,976 flow through common shares (FT Shares) at an average price of $0.81 per FT Share, for aggregate gross proceeds of approximately $4.31 million. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. There will be no warrants issued with the placement. A finder's fee may be paid in connection with a portion the private placement. Management and insiders will subscribe for 137,500 FT Shares. The private placement remains subject to the approval of the Toronto Stock Exchange. Proceeds will be used to finance the exploration of Eastmain's Quebec project portfolio. Full Article
Eastmain Resources Inc. Completes $5.75 Million Private Placement Financing
Eastmain Resources Inc. announced that it has completed its previously announced private placement of 2,615,441 flow through common shares (FT Shares) at a price of $2.20 per FT Share, for aggregate gross proceeds of $5.75 million. Oberon Capital Corporation, Casimir Capital Ltd., Macquarie Capital Markets Canada Ltd., and Stonecap Securities Inc. (Agents), acted as agents in the offering, received a fee equal to 6% of the gross proceeds of the financing as well as non-transferable broker warrants entitling the Agents to subscribe for 0.156 million common shares of Eastmain, at a price of $1.40. The warrants have a term of 18 months from the date of closing of the placement. The placement was completed at an 80% premium to yesterday's closing price. Proceeds from the placement will be used to accelerate drilling on new discoveries found at the Clearwater Project. Full Article
Honey Badger Exploration Inc Joint Ventures With Eastmain Resources Inc. on Highly Prospective Quebec Gold Property
Honey Badger Exploration announced it has signed a letter of agreement with Eastmain Resources Inc. (Eastmain) to acquire up to a 60% undivided right, title and interest in Eastmain's "Radisson" gold property, located within the James Bay Mining District of Northern Quebec, 550 km north of Matagami. This underexplored 10,698-hectare Archean-aged gold property lies within the La Grande Sub-Province, a volcanic-sedimentary rock assemblage similar to the Opinaca/Eastmain belts, which respectively host the Roberto and Eau Claire Gold deposits, several kilometres to the southeast. The Radisson project covers over 15 kms of favourable gold-bearing corridors hosting multiple gold occurrences. The property is located 10 km west of the LG2 highway. Full Article
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