Eagle Bay Resources Raises $755K in Private Placement

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

Eagle Bay Resources Corp., a Canadian exploration company, has successfully completed a non-brokered private placement, securing $755,000 through the sale of 7,550,000 units at $0.10 each. The funds are earmarked for property exploration and general corporate purposes. The placement included participation from certain directors and a major company control person, with all issued securities subject to a four-month hold period.

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