Eagle Hill Exploration

Published : January 13th, 2015

Eagle Hill Announces Proposed Share Consolidation

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Keywords :   Canada | Diamond | Gold | Recovery | Silver |

Eagle Hill Announces Proposed Share Consolidation

Eagle Hill Announces Proposed Share Consolidation



January 13, 2015 - Vancouver, BC - Eagle Hill Exploration Corporation (TSX-V: EAG) ("Eagle Hill" or the "Company") today announces a proposed share consolidation of the Company's common shares on a 20-for-1 basis. The Company currently has 476,875,339 shares issued and outstanding. Following the consolidation, the Company will have approximately 23,843,766 shares issued and outstanding prior to rounding for fractional shares. The share consolidation is subject to approval by Eagle Hill shareholders and by the TSX Venture Exchange.

Management believes the share consolidation is in the best interest of shareholders, and will improve Eagle Hill's ability to attract new investors and to raise the additional capital that will be required to advance the Windfall Lake Gold Project.

The exercise price of outstanding options and warrants, and the number of common shares that may be acquired pursuant to such options and warrants, will be adjusted to account for the consolidation in accordance with the terms and conditions of such options and warrants.

On Behalf of the Board of Directors

"John Proust "

Chairman and Interim CEO

About Eagle Hill Exploration Corporation

Eagle Hill Exploration Corporation is a Canadian mineral exploration company focused on the exploration and development of the high-grade Windfall Lake gold deposit, located between Val-d'Or and Chibougamau in Quebec, Canada. A Preliminary Economic Assessment for the project is underway, with completion targeted for Q1-2015. The current mineral resource comprises 2,375,000 tonnes at 9.75 g/t gold (744,000 ounces) in the indicated category and 3,084,000 tonnes at 7.37 g/t gold (731,000 ounces) in the inferred category (Technical Report for the Windfall Lake Gold Project, Quebec prepared by SRK Consulting (Canada) Inc., dated April 17, 2014). These grades make Windfall Lake one of the highest grade resource-stage gold projects in the world. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit remains open at depth and along strike. More information is available at www.eaglehillexploration.com.

Eagle Hill Contact

Rhylin Bailie
Vice President, Communications & Investor Relations
Telephone: 604-697-5791
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Qualified Person

The technical information in this document has been reviewed by Eagle Hill's Vice President Exploration, Jean-Philippe Desrochers, PhD, PGeo, who has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101. The drill program and sampling protocol is managed by Eagle Hill under the supervision of Jean-Philippe Desrochers. The Diamond drill holes are drilled at NQ sizes and core recovery to date has averaged better than 95.0%. Half core is cut by rock saw and is generally sampled using nominal 1-metre intervals; however, sample intervals vary according to geological contacts and have ranged between 0.3 to 1.5 metres in length. Two quality control samples (one blank and one certified reference material) are inserted into each batch of 20 samples. All assays were performed by ALS Chemex Laboratory Group, in Val d'Or, Quebec. The half core samples are securely transported from the project site to the ALS Chemex laboratory by Eagle Hill personnel.  Gold analyses reported in this release were performed by standard fire assay using a 30-gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per tonne and by metallic sieve method for samples containing significant amounts of pyrite or visible gold. In addition, an Aqua regia digestion with ICP-AES finish is used to analyse a full suite of elements including silver and base metals.

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Eagle Hill Exploration

EXPLORATION STAGE
CODE : EAG.V
ISIN : CA26959U1093
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Eagle Hill Expl. is a uranium exploration company based in Canada.

Eagle Hill Expl. holds various exploration projects in Canada.

Its main exploration properties are WINDFALL LAKE (EAGLE HILL) and MAC PROPERTY in Canada.

Eagle Hill Expl. is listed in Canada. Its market capitalisation is CA$ 17.0 millions as of today (US$ 12.7 millions, € 11.2 millions).

Its stock quote reached its lowest recent point on January 23, 2015 at CA$ 0.02, and its highest recent level on June 26, 2015 at CA$ 0.93.

Eagle Hill Expl. has 26 130 000 shares outstanding.

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Financings of Eagle Hill Exploration
6/5/2014Closes on Further Tranche of Financing=2C Continues to Fill ...
5/9/2014Closes on $2.3 Million of Financing=2C Continues to Fill Ord...
12/30/2013Completes Flow=2Dthrough Private Placement of $2 Million
9/17/2012Announces Close of Financing
1/13/2012Eagle Hill Announces Flow-Through Financing
5/2/2011Closes Oversubscribed Financing With London Based Institutio...
4/12/2011Arranges $3,000,000 Financing
Nominations of Eagle Hill Exploration
11/27/2013Appoints Danny Lee as Chief Financial Officer
9/16/2013Commences 25=2C000 Metre Drill Program and Appoints Daniel R...
Financials of Eagle Hill Exploration
6/29/2015Second Quarter Financial Results
2/26/2014Year=2Dend Financial Results
10/1/2013Third Quarter Financial Results
Project news of Eagle Hill Exploration
6/30/2015Oban Mining Corporation enters into Arrangement Agreements i...
5/9/2011(Windfall Lake (eagle Hill))Eagle Hill Intersects 8.97 G/T Gold Over 8.0 Meters At The ...
3/9/2011(Windfall Lake (eagle Hill))Continues to Intersect High Grade Gold Including 13.32 g/t G...
2/28/2011(Windfall Lake (eagle Hill))Intersects Near Surface High Grade Gold Including 26.89 g/t ...
8/20/2010(Windfall Lake (eagle Hill))Hits Significant Gold in the First 10 Holes of the Windfall...
8/4/2010(Windfall Lake (eagle Hill))Hits Gold Results on First Four Drill Holes From Summer Dri...
Corporate news of Eagle Hill Exploration
8/26/2015Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Cor...
8/25/2015Oban Completes Acquisitions Of Eagle Hill, Ryan Gold And Cor...
8/22/2015Oban, Eagle Hill, Ryan And Corona Business Combination Recei...
8/21/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/21/2015Oban, Eagle Hill, Ryan and Corona Business Combination Recei...
8/20/2015Eagle Hill, Oban, Ryan and Corona Business Combination Recei...
8/11/2015Glass Lewis and ISS Recommend that Oban, Eagle Hill, Ryan an...
8/11/2015Glass Lewis and ISS Recommend that Eagle Hill, Oban, Ryan an...
8/10/2015Glass Lewis and ISS Recommend That Eagle Hill, Oban, Ryan an...
7/29/2015Oban, Eagle Hill, Ryan Gold and Corona Gold File Circulars R...
7/29/2015Eagle Hill Exploration, Oban Mining, Ryan Gold, and Corona G...
6/29/2015Eagle Hill Second Quarter Financial Results
6/27/2015Eagle Hill Exploration Reports Results of Annual General Mee...
6/26/2015Eagle Hill Exploration Reports Results of Annual General Mee...
6/23/2015Eagle Hill Exploration Annual General Meeting and Shareholde...
4/14/2015Eagle Hill Exploration Appoints David Christie as President ...
3/31/2015Eagle Hill First Quarter Financial Results
3/2/2015Eagle Hill Year-end Financial Results
1/21/2015Eagle Hill Proceeds with Share Consolidation
1/13/2015Eagle Hill Announces Proposed Share Consolidation
12/31/2014Eagle Hill to Cease Trading on OTCQX
11/27/2014Eagle Hill Announces Increased Gold Recovery at the Windfall...
11/10/2014Eagle Hill’s Summer 2014 Deep Drill Program Further Highligh...
11/10/2014Eagle Hill's Summer 2014 Deep Drill Program Further Highligh...
9/24/2014Eagle Hill Third Quarter Financial Results
9/18/2014Eagle Hill Commences Preliminary Economic Assessment Study f...
8/5/2014Eagle Hill Commences 2,800-metre Deep Drill Program at the W...
6/30/2014Eagle Hill Second Quarter Financial Results
6/24/2014Eagle Hill Announces Positive Drill Results and Initiation o...
2/3/2014and Southern Arc Minerals to Host Investor Session on March ...
11/5/2013Fall 2013 Drilling Program Discovers Extension to Main Zone ...
9/11/2013Grants Incentive Stock Options
8/15/2013Consolidates 100% Ownership of Windfall Lake Gold Deposit
6/28/2013Consolidates 100% of the Windfall Lake Gold Deposit and Arra...
5/10/2013Corporate Update and Development Strategy
4/22/2013Announces Three Year Extension of Windfall Lake Option Agree...
4/10/2013Extends Gold Mineralization to a Depth of 870 Meters With 15...
1/16/2013Intersects 14.74 g/t Gold Over 17.9 Meters in Near Surface M...
11/7/2012Identifies New Gold Zone Extension at Depth With 24.46 g/t o...
10/24/2012Announces the Signing of an Exploration Agreement With the G...
10/3/2012Reports Positive Results From Initial Grinding Test at Windf...
10/3/2012Reports Positive Results From Initial Grinding Test at Windf...
9/27/2012Intersects 10.59 g/t Gold Over 24.0 Meters and Expands Near ...
7/19/2011Continues to Expand Gold Zones at Windfall Lake
7/5/2011Summer 2011 Windfall Lake Property Update
3/21/2011Engages SRK Consulting to Prepare Initial Mineral Resource E...
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