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Provider: S&P Capital IQ Factual Report
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Eagle Mountain Gold Corp Announces Non-Brokered Private Placement


Wednesday, 31 Jul 2013 09:05am EDT 

Eagle Mountain Gold Corp (Eagle Mountain or the Company) announced the arrangement of a non-brokered private placement of up to 10,000,000 units at a price of $0.06 per Unit for total gross proceeds of approximately $600,000. Each Unit shall consist of one common share and one transferable share purchase warrant. Each Warrant entitles the holder to purchase one common share at a price of $0.10 for a period of two years from the closing date of the private placement. The Company has agreed to pay finders' fees comprising an 8% commission payable to Weiser Capital Management (Weiser) of Nassau, Bahamas, at the sole election of Weiser in cash or units (the Finder's Units) at a deemed price of $0.06 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 share of the Company at a price of $0.10 per share for a term of 24 months from closing. 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. 

Company Quote

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28 Feb 2014