Eagle Plains Announces Flow-through Financing
Eagle Plains Announces Flow-through Financing
Cranbrook, BC; June 30, 202 2: Eagle Plains Resources Ltd. (TSX -V:”EPL”), (“the Company”)
announces that the Company intends to complete a non-brokered private placement to arms -length and
non-arms-length investors. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up
to 7,000,000 flow-through units at a price of $.17 CDN per unit for gross proceeds of $ 1,190,000 CDN.
Each unit will consist of a flow-through common share and one-half non-flow-through common share
purchase warrant, each whole warrant exercisable at $.25 CDN for a 24-month period.
Directors of the Company have approved an overallotment of up to 10% of the units.
The common share purchase warrants are subject to an accelerated expiry at the option of the Company if
the published closing trade price of the common shares on the TSX Venture Exchange is greater than or
equal to $.50 for any 20 consecutive trading days, in which event the holder may be given notice that the
warrants will expire 30 days following the date of such notice. The common share purchase warrants may
be exercised by the holder during the 30 day period between the notice and the expiration of the common
share purchase warrants.
A 7% commission or finder’s fee may be paid to registered dealers or eligible arms-length third parties
involved in the financing. The financing is expected to close in July, 2022.
Maximum gross proceeds of the offering are expected to be $1,190,000 CDN (excluding 10% over -
allotment if warranted). Proceeds from the sale of units will be used to fund exploration of the company's
various projects in British Columbia, Saskatchewan and Yukon. Flow-through f unds will qualify as
Canadian exploration expenses as defined in the Income Tax Act and will be renounced for the 20 22
taxation year.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that continues to
conduct research, acquire and explore mineral projects throughout western Canada. The Company was
formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen
a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the
years and through numerous spin -outs has transferred over $100,000,000 in value directly to its
shareholders, with Copper Canyon Resources and recently Taiga Gold being notable examples.
The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of
projects toward discovery through collaborative partnerships and development of a highly experienced
technical team. Eagle Plains also holds significant royalty interests in western Canadian projects, covering
a broad spectrum of commodities on projects controlled by Cameco Corp., Iso Energy Corp., Denison
Mines Corp., Skeena Resources Ltd. and Alexco Resource Corp./Banyan Gold Corp., among many others.
Management’s focus is to advance its most promising exploration projects. Throughout the exploration
process, our mission is to help maintain prosperous communities by exploring for and discovering
resource opportunities w hile building lasting relationships through honest and respectful business
practices.
Expenditures from 2011-2021 on Eagle Plains-related projects exceed $27M, the majority of which was
funded by third -party partners. This exploration work resulted in app roximately 42,000m of diamond -
drilling and extensive ground-based exploration work facilitating the advancement of numerous projects
at various stages of development.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at http://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of Property titles, potential mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.