Vancouver, B.C. - War Eagle Mining Company Inc. (TSX Venture Exchange -- WAR) The Company is pleased to announce that it has closed a $938,600 private placement. Pursuant to the terms of the private placement the Company will be issuing 3,128,666 common shares and 2,085,777 share purchase warrants. Each warrant will entitle its holder to purchase an additional common share at $0.40 during the first year and then at $0.50 for an additional year. The common shares underlying this private placement are subject to a four month hold period ending July 3, 2004.
For further information contact: Bob Faris, Vice President, Corporate Development at 1-800-877-1626 or 604-606-7973.
"Terence F. Schorn, P. Geo" President War Eagle Mining Company Inc
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