Eaglecrest closes $3.3-million (U.S.) private placement
2008-10-20 16:19 ET - News Release
Mr. Hans Rasmussen reports
EAGLECREST CLOSES US$3,305,770 PRIVATE PLACEMENT FINANCING
Eaglecrest Explorations Ltd. has completed the non-brokered private placement of 33,057,700 units announced in Stockwatch news on July 30, 2008, realizing gross proceeds of $3,305,770 (U.S.). Each unit comprises one common share and one-half warrant, with one full warrant exercisable to purchase one additional common share in the capital of the company for 20 U.S. cents until 4:30 p.m. on Sept. 17, 2009.
All shares issued in connection with the private placement and any shares issued on exercise of warrants comprised in those units will be subject to a four-month hold period expiring Jan. 17, 2009. A finder's fee has been paid in connection with a portion of the private placement in accordance with the policies of the TSX Venture Exchange.
We seek Safe Harbor