macquarie bank involvement

Eagle Eye Metals snares Macquarie Bank as cornerstone investor

"Eagle Eye Metals (ASX: EYE) has received a major boost to the company's planned foray into the uber hot West Africa gold sector, with Macquarie Bank (ASX: MQG) subscribing for $500,000 worth of shares at $0.09 per share.
These funds are in addition to the $2.93 million capital raising launched earlier in the week, comprising a 1:2 renounceable rights at $0.09 to raise up to $2.3 million, supported by a placement at the same price to raise $593,000.
Macquarie Bank's interest is due to the pending acquisition of Birimian Gold which holds two advanced gold prospects in Mali, with the area having historically produced 250 million ounces of gold.
The prospects are in proximity to AngloGold Ashanti?s (NYSE: AU, JNB: ANG) 13 million gold ounce Sadiola Gold Mine, and the 4.5 million gold ounce Yatela Gold Deposit, respectively, highlighting the exploration potential.
The Macquarie Bank investment will be made from the Metals and Energy Capital Division, and will be subject to shareholder approval at a general meeting to be held in early May.
This latest capital injection provides Eagle Eye with a strong financial position to start aggressively exploring the company's West African assets, post the acquisition of Birimian Gold.
The investment by Macquarie Bank provides further vindication of the prospects and their prospectivity as well as going some way to placing a "floor" under the placement share price.
Eagle Eye is not solely focused on West Africa, and also holds an option to acquire a 20% interest in the JORC 1 million gold ounce Aphrodite Gold Project near Kalgoorlie, which recently upgraded the gold resource base.
Aphrodite Gold (ASX: AQQ) is the operator of the project, but adding some spice to the equation is that Eagle Eye also owns 8.87% of the shares in Aphrodite Gold, providing further leverage into any upside."