Eastern Resources, Inc. (ESRI) Engages Precious Metals-Focused Investment Bank, Looks to Raise Some $200M
Eastern Resources reported executing an advisory agreement today with a NY-registered broker/dealer that focuses heavily on the company’s sector, precious metals and mining, whereby the investment bank will assist ESRI in raising some $200M for taking their Montana Tunnels Mine and Golden Dream Mine projects to the next level. This considerable sum would enable significant capital restructuring on ESRI’s part and allows them the liquidity needed to maximize working capital efforts at both of these promising resource sites. CEO of ESRI, Patrick Imeson, noted that the selection of this particular investment bank for the advisory role was attributable not only…