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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (127)12/31/2012 12:39:20 PM
From: Goose94Read Replies (1) of 202405
 
Eastmain Resources (ER-T) closes $3-million private placement, Goldcorp Inc. subscribed for the entire placement, thereby increasing their ownership in Eastmain to 9.9 per cent

Dec 31, 2012 - News Release

Eastmain Resources Inc. has closed a non-brokered private placement of three million flow-through (FT) common shares at a price of $1 per FT share for total gross proceeds of $3-million. Goldcorp Inc. subscribed for the entire placement, thereby increasing their ownership in Eastmain to 9.9 per cent.

All securities issued pursuant to the placement are subject to a hold period of four months and one day from the date of closing. A finder's fee of $150,000 was paid in connection with the private placement offering. No warrants were issued with this offering, which remains subject to the final approval of the Toronto Stock Exchange.
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