Eagle Hill Exploration Corp. Proceeds with Share Consolidation
21.01.2015 | Newsfile
Vancouver, British Columbia -- (Newsfile Corp. - January 21, 2015) - Eagle Hill Exploration Corp. (TSXV: EAG) (the “Company”). Further to its news release dated January 13, 2015, the Company has received TSX Venture Exchange approval for the proposed 20-for-1 share consolidation. By written resolution, shareholders representing greater than 50% of the outstanding common shares of the Company have voted in favour of the share consolidation. Accordingly, the Company’s issued and outstanding common shares have been consolidated such that every 20 existing shares have been consolidated into one new share, resulting in Eagle Hill having approximately 23,843,766 shares issued and outstanding. The Company’s options and warrants have also been adjusted to account for the consolidation in accordance with the terms and conditions of such options and warrants.Effective at the open of trading on January 21, 2015, Eagle Hill’s shares will trade on the TSX Venture Exchange on a consolidated basis. The Company’s trading symbol “EAG” remains unchanged.
On Behalf of the Board of Directors
“John Proust”
Chairman and Interim CEO
About Eagle Hill Exploration Corporation
Eagle Hill Exploration Corp. is a Canadian mineral exploration company focused on the exploration and development of the high-grade Windfall Lake gold deposit, located between Val-d’Or and Chibougamau in Quebec, Canada. A Preliminary Economic Assessment for the project is underway, with completion targeted for Q1-2015. Windfall Lake hosts one of the highest grade resource-stage gold projects in the world. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit remains open at depth and along strike. More information is available at www.eaglehillexploration.com.
Eagle Hill Contact
Rhylin Bailie, Vice President, Communications & Investor Relations
Telephone: 604-697-5791
Email: info@eaglehillexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
