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Eagle Plains Closes Financing
Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private
placement
to arms-length and non arms-length investors, as announced
December 3rd, 2003. A total of $632,000 CDN was raised
through the issuance of 1,264,000 flow-through common
shares at $.50 CDN per share. The subject securities
are restricted from trading for a four-month period.
A finders fee of $3,450 in cash and shares was paid
in relation to certain subscribers of the offering.
Funds generated by the financing will be used by the
company to advance exploration work on its BC and
Yukon projects.
| No. of shares: |
1,264,000 |
| Price: |
50 cents per share |
| Warrants: |
None Issued |
| Placees: |
35 Individuals |
On Behalf of the Board of Directors
Tim J. Termuende, P.Geo.
President and CEO
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