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Eureka warrant incentive program results in 1,315,000 warrant exercise
Eureka warrant incentive program results in 1,315,000 warrant exercise Eureka warr...
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[{"type":"text","content":"\n\n\n\nEureka warrant incentive program results in 1,315,000 warrant exercise\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 warrant incentive program results in 1,315,000 warrant exercise\nCanada NewsWire\nVANCOUVER, Feb. 4, 2016\n\n\n\n\n\n\nVANCOUVER, Feb. 4, 2016 /CNW/ - Eureka Resources Inc. (\"Eureka\" or the \"Company\") (TSXV: EUK) announced today that its warrant exercise incentive program resulted in the exercise of 1,315,000 warrants for proceeds of $65,750. The Company issued to holders who exercised $0.05 warrants (the \"June Warrants\") between January 4, 2016 and January 29, 2016 an incentive warrant (an \"Incentive Warrant\") and a common share for each June Warrant exercised. Each Incentive Warrant entitles the holder to acquire an additional common share at  $0.075 per share until June 10, 2016, and thereafter at $0.125 per share until June 10, 2020. The Company issued 1,315,000 Incentive Warrants as a result of the Program. Insiders participated exercising 700,000 warrants and received a like number of Incentive Warrants.\n\nAbout Eureka Since its incorporation in 1981, Vancouver-based Eureka Resources Inc. has focused on the exploration and development of natural resource properties. Its flagship project, the Frasergold Project, was the subject of a National Instrument 43-101 (\"NI 43-101\") compliant technical report entitled \"NI 43-101 Technical Report Frasergold Exploration Project\", dated July 20, 2015 and amended July 27, 2015, authored by K. V. Campbell, Ph.D, P.Geo, and G. H. Giroux, MA.Sc, P.Eng., and filed on SEDAR. The Frasergold Project is located 100 kilometres east of Williams Lake, B.C., with good summer/fall access by provincial highways and secondary roads. \n\nEureka has recently entered into an interim agreement which gives the Company the right to acquire a 50% participating interest in the Gemini Lithium Project (\"Gemini\") located in the western Lida Valley, Nevada.\n\nJohn R. Kerr, P.Eng., is the Company's designated Qualified Person for this news release within the mean...