Vancouver's Eagle Hill Exploration Completes $12M Private Placement
Eagle Hill Exploration Corp., a Vancouver-based mineral exploration company, said Thursday that it has completed a $12 million private placement with Southern Arc and Dundee Corp. Under terms of the transaction, Southern Arc invested $7,324,050 to acquire 97,654,000 units of Eagle Hill at a price of $.75 per share. Dundee Corp. invested $4,675,950 to acquire an additional 62,346,000 shares of Eagle Hill, increasing its ownership stake in Eagle Hill from 18.8% to 26.14%. Headquartered in Vancouver, Southern Arc Minerals is a mineral exploration company focused on gold and copper-gold exploration. Dundee Corp., which is based in Toronto, is a holding company that includes among its subsidiaries, Goodman & Company and Investment Counsel.
15 August 2013•4 mins read
