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War Eagle Announces Non-Brokered Private Placement of up to $500,000
Published : November 20, 2012
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Keywords :   Canada | Finders | Lead | Lithium | Mexico | Tantalum |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2012) - War Eagle Mining Company Inc. (News - Market indicators) ("War Eagle" or the "Company") proposes to raise up to $500,000 by way of a non-brokered private placement offering (the "Offering") of units of the Company.

The Offering will be priced at $0.07125 per unit with each unit consisting of one common share of War Eagle and one common share purchase warrant exercisable at $0.10. Each warrant will entitle the holder to purchase one common share of War Eagle for a period of two years following the date of closing of the Offering. 

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including acceptance of the TSX Venture Exchange ("TSX-V"). The net proceeds of the Offering will be used for working capital and for general corporate purposes.

The Offering is expected to close on or before November 30, 2012. All common shares issued under the Offering will be subject to a four-month hold period. Subject to regulatory approval, finders' fees may be paid to certain finders. Some insiders of the Company may purchase shares, though this is expected to be not more than 25% of the Offering.

About War Eagle

The Company is an experienced mineral exploration company publicly traded since 1987 and listed on the TSX-V under the symbol WAR. The Company is in the exploration phase of the Tres Marias zinc-lead project in Mexico and the MAC tantalum-tin-lithium property in the Northwest Territories of Canada.

Legal Notice Regarding Forward Looking Statements

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with mining operations, therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include references to a future drill program and related plans. These statements are based on assumptions made by the company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

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.

War Eagle Mining Company Inc.
Don Padgett
Director
604-689-1515 ext. 104
info@wareaglemining.com
www.wareaglemining.com
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All
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War Eagle Mining Company Inc.

EXPLORATION STAGE
CODE : WAR.V
ISIN : CA9339013083
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Financings of War Eagle Mining Company Inc.
12/21/2012Closes Non-Brokered Private Placement
12/21/2012Closes Non-Brokered Private Placement
11/20/2012Announces Non-Brokered Private Placement of up to $500,000
7/31/2010Closes Third Tranche of Non-Brokered Private Placement
7/23/2010Closes 2nd Tranche of Private Placement
7/1/2010Closes First Tranche of Private Placement.
6/18/2010Announces $1,200,000 Non-Brokered Private Placement
11/1/2007 Private Placement Increased to $4.25 Million
Nominations of War Eagle Mining Company Inc.
11/8/2012Appoints New CEO and Directors
8/12/2010Appoints CFO
1/9/2009Appointment of Jeff W. Lantz as President and Chief Executiv...
Project news of War Eagle Mining Company Inc.
8/28/2013(Tres Marias)Enters Into Agreement to Sell its Tres Marias Project in Mex...
1/21/2013to Acquire Andromeda Resources
2/17/2010(Tres Marias)Tres Marias Assay Results
2/3/2009(Mac)New Discovery Hole at Tres Marias
7/3/2008(Tres Marias)Tres Marias Intercepts 10.58 Meters (68.8 ft) of 394 g/tonne...
4/30/2008(Mac)Core Drilling Confirms Surface Mineralization Continues to D...
5/31/2007(Tres Marias)Progress on Mine Development and Exploration Program Tres Ma...
2/26/2007News Release - Initial Underground Drilling Results
Corporate news of War Eagle Mining Company Inc.
2/11/2013Acquires Andromeda Resources Inc.
12/24/2010Andromeda Letter of Intent Terminated
11/19/2010Andromeda and War Eagle Shareholder Meeting Update
3/4/2010Provides Corporate Update
8/18/2009Options MAC Property to VM Exploration Ltd.
12/16/2008Signs Letter of Intent with Saskpower International Inc. to ...
4/24/2008 Completes Successful First Phase Investigation Into The Rec...
3/5/2008On Fox Business News
11/21/2007 $4.2 million Placement Closed
11/9/2007Signs LOI to Option Out George's Lake Gold Project
11/6/2007SIGNS A LETTER OF INTENT WITH ELCOGAS SA
11/6/2007Germanium Defined for Investors.
10/16/2007 in the Northern Miner
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TSX-V (WAR.V)Other OTC (WARGF)
0.030-14.29%0.030-40.00%
TSX-V
CA$ 0.030
08/22 15:40 -0.010
-14.29%
Prev close Open
0.035 0.030
Low High
0.030 0.030
Year l/h YTD var.
0.030 -  0.080 -25.00%
52 week l/h 52 week var.
0.030 -  0.100 -66.67%
Volume 1 month var.
13,000 -25.00%
24hGold TrendPower© : -17
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Explores for Germanium - Gold - Lithium - Tantalum - Tin - Zinc
 
 
 
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2014-25.00%0.070.03
2013-33.33%0.100.03
2012-86.67%0.440.05
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2010-14.29%0.130.05
 
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