EUREKA RESOURCES INC. ("EUK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 26, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 29, 2016:
First Tranche:
Number of Shares: 1,325,000 shares
Purchase Price: $0.10 per share
Warrants: 662,500 share purchase warrants to purchase 662,500 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 7 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Michael Sweatman Y 500,000
Warren Stanyer Y 250,000
MBP Management Ltd.
(Brent Petterson) Y 100,000
Aggregate Pro Group Involvement
[2 Placees] P 400,000
Finder's Fee: $4,200 cash and 42,000 warrants payable to Haywood Securities Inc.
Finder's fee warrants are exercisable at $0.10 per unit; the 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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