TSX-V: EUK
VANCOUVER, Nov. 16 /CNW/ - Eureka Resources, Inc. (the "Company") announces that it has completed a transaction to issue 311,898 common shares in the capital of the Company (the "Common Shares") at a deemed price of $0.59 per Common Share to settle an outstanding debt of $184,020.00 on November 15, 2007. 129,695 Common Shares were issued to John J. O'Neill, a Director of the Company, and 182,203 Common Shares were issued to 8907 Investments Ltd., a company controlled by John J. O'Neill. The Company received approval for this transaction from the TSX-Venture Exchange on November 13, 2007. The Common Shares are subject to resale restrictions expiring four months and one day from the date of issuance.
On behalf of the Company:
"signed"
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John J. O'Neill
President
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for the adequacy or accuracy of this report.