Eagle Plains Closes $980,800 Financing
News Release
Eagle Plains Closes $980,800 Financing
Cranbrook, B.C., February 8 th , 2018: Eagle Plains Resources Ltd. (TSX-V:EPL), (t he
Company) has closed a brokered and non-brokered public offe ring as announced on February
7th, 2018, subject to regulatory approval. The fina ncing was offered to arms-length and non-
arms length investors and was comprised of 2,084,00 0 non-flow-through units and 2,350,000
flow-through units for a total issuance of 4,434,00 0 shares and gross proceeds of CDN
$980,800.
Non-flow-through units were sold at a price of $.20 CDN per unit, each unit consisting of a
non-flow-through common share and one non-flow-thro ugh common share purchase warrant,
each whole warrant exercisable at $.40 CDN for a 24 month period. Flow-through units were
sold at a price of $.24 CDN per unit, each unit con sisting of a flow-through common share and
a non-flow-through common share purchase warrant, e ach whole warrant exercisable at $.40
CDN for a 24 month period. All issued securities a re subject to a hold period expiring June
8th, 2018.
The common share purchase warrants are subject to a n 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 2 0 consecutive trading days, in which event
the holder may be given notice that the warrants wi ll 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 finders fee will be paid to cert ain registered dealers or arms-length third
parties involved in the financing.
Proceeds from the sale of units will be used to fun d exploration of the company's various
projects in British Columbia, Saskatchewan, and Yuk on and for general working capital. Certain
funds will also be allocated to cover expenses rela ted to the proposed spin-out of Taiga Gold
Corp. (details below). Funds earmarked for explorat ion will qualify as Canadian exploration
expenses as defined in the Income Tax Act and will be renounced for the 2018 taxation year.
Proposed Plan of Arrangement-Taiga Gold Corp.
As announced on October 23 rd , 2017, Eagle Plains intends to spin out specific S askatchewan
gold exploration properties in the Seabee/Santoy ar ea of Saskatchewan, including the Fisher
project. Eagle Plain’s shareholders will receive sh ares of Taiga Gold Corp. (“Taiga”) on a 2:1
basis (1 share of Taiga for each 2 shares of Eagle Plains) through a plan of arrangement expected
to be completed in early 2018. Pending regulatory and shareholder approvals, shares of Taiga are
expected to be listed on the CSE under the symbol “ TGC” in late April.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore
mineral projects throughout western Canada. EPL is committed to steadily enhancing
shareholder value by advancing our diverse portfoli o of projects toward discovery through
collaborative partnerships and development of a hig hly experienced technical team.
Managements’ current focus is to preserve its treas ury while advancing its most promising
exploration projects. In addition, Eagle Plains con tinues to seek out and secure high-quality,
unencumbered projects through research, staking and strategic acquisitions. Since 2012, Eagle
Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly
gold, uranium and base-metals in Saskatchewan, a hi ghly-prospective mining jurisdiction which
was recently recognized by the Fraser Institute as the second best place in the world in terms of
Investment Attractiveness. Throughout the explorati on process, our mission is to help maintain
prosperous communities by exploring for and discove ring resource opportunities while building
lasting relationships through honest and respectful business practices.
Expenditures from 2011-2017 on Eagle Plains-related projects were approximately $16.5M,
which was funded by Eagle Plains and for the most part, by third-party partners. This exploration
work resulted in approximately 15,000 m of diamond- drilling and extensive ground-based
exploration work facilitating the advancement of nu merous 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 forw ard-looking statements including but not
limited to comments regarding the timing and conten t of upcoming work programs, geological
interpretations, receipt of property titles, potent ial 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.