Markets

Eastmain Closes $3 Million Private Placement Financing with Goldcorp

Eastmain Resources Inc. (ER.TO) has closed a non-brokered private placement of 3 million flow through common shares at a price of $1 per FT Share, for aggregate gross proceeds of $3 million. Goldcorp Inc. (G.TO) subscribed for the entire placement, thereby increasing their ownership in Eastmain to 9.9%.

Proceeds of this placement will be used to towards advancing the company's exploration portfolio in Quebec.

ER is currently trading at day low 73 cents, with volumes of over 22,000. Goldcorp is up by more than 1% at $35.89.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos