Eagle Bay Resources Targets $750K in Private Placement

Eagle Bay Resources Corp. (TSE:EBR) has released an update.

Eagle Bay Resources Corp. is set to boost its financial position through a private placement aiming to raise up to $750,000 by issuing 7.5 million units at $0.10 each. These units include a common share and a warrant, with proceeds primarily funding property exploration and general working capital. The placement is subject to a four-month hold period and regulatory approvals, with potential insider participation exempt from certain transaction requirements.

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