EUREKA RESOURCES INC. ("EUK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 9, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 7, 2016 and April 14, 2016:
Second Tranche:
Number of Shares: 2,033,334 shares
Purchase Price: $0.075 per share
Warrants: 2,033,334 share purchase warrants to purchase 2,033,334 shares
Warrant Exercise Price: $0.125 for a two year period
Number of Placees: 9 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 650,000
[2 Placees]
Finder's Fee: $5,250 cash and 70,000 warrants payable to Haywood Securities Inc.
$525 cash and 7,000 warrants payable to PI Financial Corp.
$700 cash and 9,333 warrants payable to Canaccord Genuity Corp.
Finder's fee warrants are exercisable at $0.075 per unit. The underlying units are under the same terms as those to be issued pursuant to the private placement.
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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