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Update: Eagle Hill Exploration Up 5% After Buying More Property in Abitibi Mineral Belt

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Eagle Hill Exploration Corp. (EAG.V) is up more than 5% today after buying the remaining 50-percent interest of the Urban-Barry claims that make up Windfall Lake East, the property in the Abitibi mineral belt of northern Quebec next to its Windfall Lake Property.

Under the terms of the Aug. 2 agreement, Eagle Hill will issue 200,000 shares of its common stock to Murgor Resources Inc. (MGR.V), along with $5,000 in cash. The deal, still pending approval from the TSX Venture Exchange, was negotiated through a non-arm's length transaction by way of a director with seats on the board of both companies.

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

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