EUREKA RESOURCES, INC. ("EUK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 5, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 10, 2015:
Number of Shares: 625,000 common shares
350,000 flow-through shares
Purchase Price: $0.08 per common share
$0.10 per flow-through share
Warrants: 975,000 share purchase warrants to purchase 975,000 shares
Warrant Exercise Price: $0.12 for a two year period. The warrants are subject to an accelerated exercise provision in the event the Company's shares trade at a volume weighted average price of $0.25 per share or greater over 10 consecutive trading days.
Number of Placees: 11 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Brent Petterson Y 50,000 f/t
Michael Sweatman Y 50,000 f/t
62,500 nf/t
Kristian Lorne Whitehead Y 50,000 f/t
Christina Boddy Y 30,000 f/t
Aggregate Pro Group Involvement P 300,000 nf/t
[1 Placee]
Finder's Fee: Haywood Securities Inc. - $7,000.00
Coal River Resources Inc. (Scott Young) - $600.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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