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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (127)12/24/2012 6:24:04 AM
From: Goose94Read Replies (1) of 202400
 
Eastmain Resources (ER-T) completes $4.6-million private placement

Dec 2112 - News Release

Eastmain Resources Inc. has completed a non-brokered private placement of 5,709,133 flow-through common shares at an average price of 81 cents per flow-through share for aggregate gross proceeds of approximately $4.6-million. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. The placement is subject to the final approval of the Toronto Stock Exchange.

A finder's fee of $246,420 was paid in connection with the private placement. Management and insiders subscribed for 156,000 flow-through shares.

Proceeds will be used to finance the exploration of Eastmain's Quebec project portfolio.

We seek Safe Harbor.
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