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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by MaxTon Jan 22, 2012 9:56pm
265 Views
Post# 19433804

RE: conference

RE: conference

Thanks for the update...and just as i thought ...insiders loading up on the PP

cheers

MaxT

 

"They have enough money to continue the drill program until march/april  (best guess) at which time they would be out of money and would have to go back to the market. They made a decision to do a pp now instead of waiting till they were out of money. They also have an institution that likes what they are doing and wants to own 20% of the company (19.99% - have to be under 20% for some reason) and they will do it by way of this pp.They expect it to be in the neighborhood of 25-30 million shares. I believe it’s a Quebec charity."

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