Eureka Resources Arranges $400,000 Private Placement

Eureka Resources (TSXV:EUK) announced plans to raise up to $400,000 by way of a non-brokered private placement.
The private placement will be comprised of a minimum of 2,666,667 units at $0.075 per unit for gross proceeds of $200,000 and a maximum of 5,333,333 units at $0.075 per unit for gross proceeds of up to $400,000. Each unit will be comprised of one common share and one share purchase warrant entitling the holder to acquire an additional common share at $0.125 per share for two years from closing.
The proceeds from private placement will be used for acquisition and exploration costs on the Company’s Gemini Lithium Project, for costs of the offering and for working capital.
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