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Client Work

Eagle Hill Exploration raises US$3.34 million through private placement

Fasken
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Overview

Client

Laurentian Bank Securities Inc.

On September 17, 2012, Eagle Hill Exploration Corporation (“Eagle Hill”) announced the closing of a private placement led by Laurentian Bank Securities Inc. (“Laurentian”). The financing raised aggregate gross proceeds of $3.34 million in exchange for the issuance of 10,563,235 common shares on a national flow-through basis and 8,336,918 common shares on a Quebec flow-through basis. Proceeds of the financing will be used for further exploration and development of the Eagle Hill’s Windfall Lake property in the Abitibi mineralized belt of northern Quebec. Laurentian was advised on this matter by Fasken Martineau with a team comprised of John Sabetti and Laura Fetter (Corporate/Securities), Mitchell Thaw (Tax), and Reid Crombie and Jack Yu (Students-at Law).

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