EUREKA RESOURCES, INC. ("EUK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 21, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated April 5, 2017 between Eureka Resources, Inc. (the "Company") and 1026452 B.C. Ltd. (the "Vendor", William Taylor), whereby the Company has the option to purchase a 100% interest in two claims forming the CKN Property, located adjacent to the Gibraltar Mine in the Cariboo Mining Division of BC. In consideration, the Company will pay $185,000 cash ($35,000 cash in the first year) and issue up to 700,000 shares (150,000 shares in the first year) over a four-year period. The exploration expenditures over the three-year period are in the amount of $220,000 ($40,000 in the first year).
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