July 03, 2008
On July 3, 2008, Eastmain Resources Inc. (“Eastmain”) (TSX: ER), a Canadian gold exploration company with its focus on the district of James Bay, Quebec, completed a private placement of 11,447,000 units of Eastmain (the “Units”), including 1,447,000 Units issued upon exercise of the Underwriters’ over-allotment option, at a price of CDN$1.40 per Unit for aggregate gross proceeds of $16,025,800. Each Unit is comprised of one common share of Eastmain and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share at a price of $2.00 until July 3, 2010.
Macquarie Capital Markets Canada Ltd. acted as lead agent in an investment dealer syndicate that included Genuity Capital Markets and Laurentian Bank Securities Inc.
Wildeboer Dellelce LLP represented the agents with a team that included Rob Wortzman, Anndra Schwartz and Alexis Vazquez (corporate/securities).