August 16, 2010
Settlement of Debt by the Issuance of Units
Eureka Resources, Inc.
”) announces that it has agreed to issue 630,326 units of the Company (the “Units
”) at a price of $0.08 per Unit, each Unit consisting of one common share in the capital of the Company and one common share purchase warrant of the Company (a “Warrant
”), each full Warrant being exercisable into one common share in the capital of the Company at a price of $0.10 per share for a period of five years from the date of issue, in full satisfaction of a debt in the aggregate amount of $50,426.15 owed to John J. O’Neill by the Company.
The debt is for $40,000 owed by the Company to John J. O’Neill for general working capital and $10,426.15 owed by the Company to John J. O’Neill for rent fees for the period from January 1, 2010 to July 31, 2010.
The issuance of the aforementioned shares is subject to approval from the TSX Venture Exchange. In addition, the aforementioned shares will have a four-month hold period as required by applicable securities laws and or TSX Venture Exchange policies.
ON BEHALF OF EUREKA RESOURCES, INC.
Lawrence B. O’Neill
DirectorNeither 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 release.
You can view the Next News item:July 4th, 2011, Eureka Resources, Inc. Announces Appointment of Kristian Whitehead as a Director of Eureka Resources Ltd, and Resignation of Dr. Alastair Sinclair
You can view the Previous News item:May 7th, 2010, Eureka Resources, Inc. announces Hawthorne Gold Corp.'s termination of the Frasergold Option Agreement and Eureka's intention to seek a new development partner for the Frasergold Property.
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