EUREKA RESOURCES INC. ("EUK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 4, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 16, 2016:
Number of Shares: 707,000 flow through shares
Purchase Price: $0.10 per share
Warrants: 353,500 share purchase warrants to purchase 353,500 shares
Warrant Exercise Price: $0.15 for a two year period. The warrants will be subject to an acceleration clause which will the warrants to expire on the date which is 30 days after the date that the volume weighted average trading price of the Company's common shares exceeds $0.25 per share over a period of 10 consecutive trading days.
Number of Placees: 8 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Michael Sweatman Y 50,000
Brent Petterson Y 75,000
Kristian Whitehead Y 100,000
Finder's Fee: Raymond Kenney receives $1,992 and 19,920 non-transferable warrants, each exercisable for one non-flow through unit.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on December 30, 2016. [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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