Eaglecrest Explorations Ltd. (TSX-V: EEL) has completed the first tranche of its C$6.0 million private placement to raise gross proceeds of C$2,269,478. The Company noted in their May 12, 2010 press release that they would continue to market the remaining units.
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To facilitate the continued marketing, Eaglecrest made an application to the exchange for a time extension in which to make its final filing in respect to the offering, to June 30, 2010.
Eaglecrest Explorations Ltd.'s mandate is to increase shareholder value by employing deep expertise both at the Board level and on the ground to systematically explore, develop and monetize promising gold projects in Colombia and Bolivia.
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