Eagle Oil Holding Company Inc. (EGOH:OTC) discusses the Financing of the Company.

August 14, 2013 

Connie Helwig, sole
director of Eagle Oil Holding Company Inc. is pleased to update shareholders on
its fundraising initiatives.

 

Upon Ms. Helwig's
appointment as a director last month, the company had very
little cash and a disproportionate amount of liabilities. However, because
of the acquisition of the Frank Farm lease, the consultant for the company was willing to invest funds that
were used to pay some overdue bills and to send monies to the operator to
begin work on the lease. Ms. Helwig convinced the consultant to accept the use of convertible debt as consideration since the company now had
an asset and, in the event that the cash flow from operations was not
enough to pay back the money borrowed; he could convert his debt into
shares as an exit strategy. 

 

Eagle Oil is now in talks
with other parties that want to invest monies into the company in the same manner. This should allow the company to bring both
leases into production so that additional financing will not be needed in the
future.  Development costs for the remainder of the
lease should be self-financed once a good portion of the wells are reworked due to the cash flow
provided by oil production.

 

Further updates will be
forthcoming.

 

Forward- Looking
Statements

Safe Harbor Statement: This press release contains
forward-looking statements that reflect the Company's current expectation
regarding future events. Actual events could differ materially and substantially
from those projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements made by Eagle
Oil Holding Co. are ?forward-looking statements? within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. You should not place undue reliance on forward-looking statements
since they involve known and unknown risks, uncertainties and other factors
which are, in some cases, beyond the Company's control and which could, and
likely will, materially affect actual results, levels of activity, performance
or achievements. The Company assumes no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the
future. Important factors that could cause actual results to differ materially
from the Company's expectations include, but are not limited to, those factors
that are disclosed under the heading "Risk Factors" and elsewhere in
documents filed by the Company from time to time with the United States
Securities and Exchange Commission.

Contact Information:

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