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Post by Franko10 ™ on Jan 13, 2005 20:04:08 GMT -5
War Eagle Mining Company Inc.: Private Placement Financings
1/13/2005 8:04:00 PM
VANCOUVER, British Columbia, Jan 13, 2005 (BUSINESS WIRE) -- War Eagle Mining Company Inc. (the "Company") (TSX VENTURE:WAR) is pleased to announce, subject to TSX Venture Exchange approval, two non-brokered private placements with accredited investors.
The first private placement will consist of 2,000,000 units at a price of $0.20 per unit, for total proceeds to the Company of $400,000. Each unit will consist of one common share and one non-transferable share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share of the Company for a period of one year at a price of $0.30 per share.
The second private placement will consist of 1,000,000 units at a price of $0.20 per unit. Each unit will consist of one common share and one two-year non-transferable share purchase warrant. Every two share purchase warrants will entitle the holder to purchase one additional common share of the Company at a price of $0.30 per share.
The proceeds of the private placements will be used for work programs on the Tres Marias Property and for general working capital. Finders fees and or commissions, in accordance with TSX Venture Exchange policies, may be paid in conjunction with these private placements.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
War Eagle Mining Company Inc. (TSX VENTURE:WAR)
SOURCE: War Eagle Mining Company Inc.
War Eagle Mining Company Inc.
Bob Faris
Vice President, Corporate Development
1-800-877-1626 or (604) 606-7973
Website: www.wareaglemining.com
Copyright (C) 2005 Business Wire. All rights reserved.
1/13/2005 8:04:00 PM
VANCOUVER, British Columbia, Jan 13, 2005 (BUSINESS WIRE) -- War Eagle Mining Company Inc. (the "Company") (TSX VENTURE:WAR) is pleased to announce, subject to TSX Venture Exchange approval, two non-brokered private placements with accredited investors.
The first private placement will consist of 2,000,000 units at a price of $0.20 per unit, for total proceeds to the Company of $400,000. Each unit will consist of one common share and one non-transferable share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share of the Company for a period of one year at a price of $0.30 per share.
The second private placement will consist of 1,000,000 units at a price of $0.20 per unit. Each unit will consist of one common share and one two-year non-transferable share purchase warrant. Every two share purchase warrants will entitle the holder to purchase one additional common share of the Company at a price of $0.30 per share.
The proceeds of the private placements will be used for work programs on the Tres Marias Property and for general working capital. Finders fees and or commissions, in accordance with TSX Venture Exchange policies, may be paid in conjunction with these private placements.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
War Eagle Mining Company Inc. (TSX VENTURE:WAR)
SOURCE: War Eagle Mining Company Inc.
War Eagle Mining Company Inc.
Bob Faris
Vice President, Corporate Development
1-800-877-1626 or (604) 606-7973
Website: www.wareaglemining.com
Copyright (C) 2005 Business Wire. All rights reserved.
