Eastfield Resources Announces Private Placement

Core Viewpoint - Eastfield Resources Ltd. plans to raise up to $1,000,000 through a non-brokered private placement of up to 50 million units priced at $0.02 per unit, with each unit consisting of one common share and one share purchase warrant [1][2] Group 1 - The placement will be non-brokered, but the company may pay finder's fees in accordance with TSX Venture Exchange rules [2] - The proceeds from the placement will be used for an exploration program at mineral projects in British Columbia and for general working capital, including payments to non-arm's length parties for administrative services and investor relations activities, not exceeding 10% of the proceeds [3] - The securities issued will be subject to a hold period of four months and one day from the date of issuance as per Canadian securities laws [4] Group 2 - Certain insiders of the company may participate in the placement, with details to be included in a future news release [3] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [5]