Eureka Resources 707,000-share Private Placement

 
Eureka Resources (TSXV:EUK) – The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 16, 2016.
Number of shares: 707,000 flow-through shares Purchase price: 10 cents per share Warrants: 353,500 share purchase warrants to purchase 353,500 shares Warrant exercise price: 15 cents for a two-year period (The warrants will be subject to an acceleration clause, which will have the warrants 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 25 cents per share over a period of 10 consecutive trading days.) Number of placees: eight placees Insiders: Michael Sweatman, 50,000; Brent Petterson, 75,000; Kristian Whitehead, 100,000 Finder’s fee: Raymond Kenney receives $1,992 and 19,920 non-transferable warrants, each exercisable for one non-flow-through unit.
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