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Eagle Plains Announces Flow-Through Financing

Eagle Plains Announces Flow-Through Financing

06/30/22, 9:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcranbrook
CRANBROOK, BC / June 30, 2022 / Eagle Plains Resources Ltd. (TSX-V:EPL), ("the Company") announces that the Company intends to complete a non-brokered private placement to arms-length and non-arms-length investors. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 7,000,000 flow-through units at a price of $.17 CDN per unit for gross proceeds of $1,190,000 CDN. Each unit will consist of a flow-through common share and one-half non-flow-through common share purchase warrant, each whole warrant exercisable at $.25 CDN for a 24-month period.

Company Info

Company
Eagle Plains Resources
Location
cranbrook, british columbia, canada
Additional Info
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin-outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and recently Taiga Gold being notable examples. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects, covering a broad spectrum of commodities on projects controlled by Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Alexco Resource Corp./Banyan Gold Corp., among many others. Management's focus is to advance its most promising exploration projects. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices. Expenditures from 2011-2021 on Eagle Plains-related projects exceed $27M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 42,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.