December 6, 2006
Eureka to Issue Bonus Shares to Shareholder
Vancouver, BC, December 6, 2006
— Eureka Resources, Inc. (the “Company”) announced that it has ratified certain borrowings from a shareholder and a company controlled by a shareholder (collectively, the “Lenders”), totaling $368,140. The Company and the Lenders have agreed that the loan will bear interest at a rate of 4% per annum and is payable on demand by the Lenders. As additional consideration for the loan, the Company has agreed to issue 193,758 common shares to the Lenders equal to 20% of the loan at a price of $0.38 per common share (the “Bonus Shares”), subject to regulatory approval. The Bonus Shares will be subject to resale restrictions expiring four months from the date of issuance.
On behalf of the Company:
For further information, please contact:
Jack O’Neill, President
Telephone (604) 608-6154The TSX Venture Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this report.
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