09:52 AM EST - War Eagle Mining Co. Inc. : said Thursday that it plans to raise up to $1.2 million by way of a non-brokered private placement offering of the company. The offering will be priced at $0.06 per unit with each unit consisting of one common share of War Eagle and one-half common share purchase warrant exercisable at $0.15. War Eagle Mining Co. Inc
shares V.WAR are trading even at $0.06.