War Eagle Mining Company Inc.: Private Placement (ccnm)
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2005) - War Eagle Mining Company Inc. (TSX VENTURE:WAR) The Company announces a private placement of up to 450,000 units at a price of $0.40 per unit, subject to the approval of the TSX Venture Exchange, for proceeds to the Company of up to $157,500. Each unit will consist of one flow-thru common share and one non-transferable share purchase warrant. Every two warrants will entitle the holder to purchase one non-flow thru common share of the Company at a price of $0.50 per share for a period of one year from the date of issuance. Finders fees may be payable in accordance with the policies of the TSX Venture Exchange. The proceeds of the private placement will be used for the Company's George Lake gold property or other flow through qualifying exploration programs.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
FOR FURTHER INFORMATION PLEASE CONTACT:
War Eagle Mining Company Inc. Bob Faris Vice President, Corporate Development (604) 606-7973 or Toll Free: 1-800-877-1626 www.wareaglemining.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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