| Vancouver, British Columbia – August 19, 2014 – War Eagle Mining Company Inc. (TSXV – WAR) ("War Eagle" or the "Company") has closed its non-brokered private placement announced on August 7, 2014 consisting of 2,008,840 units at a price of $0.05 per unit for gross proceeds of $100,442. Each unit is comprised of one common share of War Eagle and one common share purchase warrant entitling the holder to purchase one common share of War Eagle at a price of $0.10 until August 19, 2015. All securities issued with respect to the placement are subject to a four-month hold period expiring on December 20, 2014, in accordance with the policies of the Exchange and the provisions of the Securities Act (British Columbia). The net proceeds of the placement will be used for working capital and for general corporate purposes. For additional information please contact: War Eagle Mining Company Inc. Thomas R. Atkins Donald Padgett Email: [email protected] This news release was prepared by management of War Eagle, which takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
