June 10, 2015
Eureka Announces Closing of Private Placement
This news release does not constitute an offer of securities for sale in the United States and no securities may be offered or sold in the United States absent registration under the Securities Act of 1933 or an exemption from registration.VANCOUVER, BRITISH COLUMBIA - June 10, 2015
- Eureka Resources Inc. (“Eureka” or the “Company”) (TSXV: EUK) announced today that it has closed its previously-announced non-brokered private placement (the “Placement”) for gross proceeds of $100,000, consisting of 700,000 flow-through units at a price of $0.025 per unit and 3,300,000 non flow-through units at a price of $0.025 per unit (see News Release dated May 6, 2015). The Placement is subject to the acceptance of the TSX Venture Exchange.
Each flow-through unit under the Placement consists of one flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.05 during the period that is 12 months from the closing date or at an exercise price of $0.10 at any time after 12 months and before 24 months from the closing date.
Each non flow-through unit under the Placement consists of one non flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional non flow-through common share of the Company at an exercise price of $0.05 during the period that is 12 months from the closing date or at an exercise price of $0.10 at any time after 12 months and before 24 months from the closing date.
All securities issued in the Placement are subject to a four‐month hold period until October 11, 2015, during which time the securities may not be traded. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
The proceeds of the Placement will be used for exploration on Eureka’s Frasergold property located 100 kilometres east of Williams Lake in central British Columbia, Canada, and to provide general working capital for the Company.About Eureka
Since its incorporation in 1981, Eureka has focused on the exploration and development of natural resource properties. With successful B.C. entrepreneur John J. O’Neill at the helm, Eureka has long been a steady and trustworthy presence on the province’s mineral exploration scene.
For further information, please visit www.eurekaresourcesinc.com
or contact 604.608.6154.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s proposed financing, objectives, goals or future plans and the business and operations of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
You can view the Next News item:June 15th, 2015, Eureka Announces Corporate Changes to Board of Directors and Management Team
You can view the Previous News item:May 12th, 2015, Eureka announces appointment of new director
Back to the main News page, or press the Back button on your browser.