Eastmain Resources Inc. Completes $9.1 Million Offering

June 08, 2017

Eastmain Resources Inc. (TSX:ER), a Canadian exploration company, completed an underwritten offering of 10,000,000 common shares at a price of $0.40 per common share and 7,582,000 flow-through common shares at a price of $0.68 per flow-through share, to raise aggregate gross proceeds of approximately $9.1 million.  The common shares and flow-through shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Echelon Wealth Partners Inc., GMP Securities L.P., Laurentian Bank Securities Inc., Mackie Research Capital Corporation and Macquarie Capital Markets Canada Ltd.

Wildeboer Dellelce acted for the underwriters in connection with the offering with a team that included Charlie Malone, Patrick Magee, and Mark Coghlan (corporate/securities) and Richard Lewin (tax).