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Eureka extends closing of $400,000 private placement financing
Eureka extends closing of $400,000 private placement financing Eureka extends clos...
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[{"type":"text","content":"\n\n\n\nEureka extends closing of $400,000 private placement financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEureka extends closing of $400,000 private placement financing\nCanada NewsWire\nVANCOUVER, April 14, 2016\n\n\n\n\n\n\n/NOT FOR DISSEMINATION TO THE US/\n\n\n\nVANCOUVER, April 14, 2016 /CNW/ - Eureka Resources Inc. (\"Eureka\" or the \"Company\") (TSXV: EUK) announced today that it is extending the closing of its financing previously announced on March 7, 2016. The Company plans to raise up to $400,000 by way of private placement (the \"Offering\"), which is now extended to May 14, 2016.\n\nThe non-flow through private placement will be comprised of up to of 5,333,333 units at $0.075 per unit for total 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 exploration of the Company's properties and working capital.\n\nFinder's fees of 7% cash and 7% warrants may be payable.  Finder's fees warrants will entitle the holder to acquire units which will include one common share and one share purchase warrant. \n\nAll share purchase warrants issued under the Offering, including those issued as finder's fees, will be subject to an acceleration clause which will cause the warrants, if unexercised, to expire on the date which is 30 days after the date that the volume weighted average trading price of the Company's common shares on the TSX Venture Exchange exceeds $0.25 per share over a period of 10 consecutive trading days.\n\nAll securities issued in the Offering will be subject to a four‐month hold period, 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 ...