Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that it has closed a non-brokered flow-through private placement to arms length and non-arms-length investors. $350,000 was raised through the sale of 1.4 million common shares at a price of $.25 per share. No commission or finders fees were granted relating to the transaction. The shares will have a four month hold period expiring September 15th, 2000.