Eskay Mining Corp Announces First Closing of Non-Brokered Private Placement

Toronto, June 4, 2018 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK) (OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) wishes to announce that, further to its
press release dated May 11, 2018, it has closed the first tranche of its non-brokered private placement offering with the sale of 784,000 flow-through units (the “FT Units”) of the Company
at a price of $0.30 per FT Unit for $235,200 and 690,000 working capital units (“WC Unit”) at a price of $0.25 per WC Unit for $172,500 for aggregate gross proceeds of $407,700 (the
“Offering”). Eligible finders were paid cash finders’ fees of $4,500.

Each FT Unit comprises one (1) common share of the Company and one-half (½) of one (1) common share purchase warrant. Each full warrant (a “Warrant”) entitles the holder to acquire
one (1) common share at a price of $0.40 until the earlier of (i) June 1, 2020 (the “Closing”); and (ii) in the event that the closing price of the common shares on the TSX Venture Exchange is at
least $0.60 for ten (10) consecutive trading days, and the 10th trading day (the “Final Trading Day”) is at least four (4) months from the Closing, the date which is thirty (30) days from the
Final Trading Day (the “Trigger Date”).

Each WC Unit comprises one (1) common share of the Company and one (1) common share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to acquire one (1)
common share at a price of $0.40 until the earlier of (i) June 1, 2020; and (ii) the Trigger Date.

All securities issued pursuant to the Offering are subject to a statutory four month hold period expiring on October 2, 2018.

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