EUREKA RESOURCES, INC. ("EUK")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 9, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing an option agreement (the "Agreement") between Eureka Resources, Inc. (the "Company") and Teslin River Resources Corp. ("Teslin") dated November 21, 2011 under which the Company has agreed to grant to Teslin an option to acquire up to a 75% interest in the Company's Frasergold Property (the "Property"). Under the Agreement, Teslin can earn a 51% interest in the Property by spending $3,550,000 on the Property and providing payments to the Company totaling $200,000 over a 3 year period. Teslin can acquire an additional 24% interest (totaling 75%) by completing a feasibility study on the Property.
For further information see the Company's news release dated November 22, 2011 and which is available under the Company's profile on SEDAR.
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