Eureka Announces Financing of up to $ 1,000,000
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIIRE SERVICES.
TSXV – EUK
WKN: 875742
ISIN : CA2986551018
Eureka Announces Financing of up to $ 1,000,000
Vancouver, British Columbia, – March 1, 2016 – Eureka Resources Inc. (“Eureka” or
the “Company”) (TSXV: EUK) announced today that it plans to raise up to $1,000,000 in a
private placement of securities (the “Offering”).
The private placement will consist of up to of 10,000,000 units (the “Units”) at $0.10 per unit for
gross proceeds of up to $1,000,000. Each unit will consist of one common share and one-half
of one share purchase warrant. Each whole warr ant (a “Warrant”) will entitle the holder to
purchase an additional common share at $0.15 per share for two years from closing. The
Company intends to expend the proceeds of the private placement on exploration of its mineral
properties and for working capital.
Finder’s fees of 6% cash and 6% warrants (the “Finder’s Warrants”) may be payable on certain
subscriptions. Each Finder’s Warrant will entitle the holder to purchase a unit with the same
terms as the private placement units at $0.10 per unit for two years from closing.
All share purchase warrants issued under the Offering, including the Finder’s Warrants and the
warrants underlying the Fin der’s Warrants, will be subject to an accelerati on clause which will
cause the warrants, if une xercised, to expire on the date wh ich is 30 days after the date that
the volume weighted average tr ading 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 and
the Company gives notice by issuing a press release.
All securities issued under 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 registration is
available. The Offering is subject to regulatory approval.
How to participate in the Offering:
To participate in the Offering, investors must complete an applic able subscription agreement
and return the completed subscr iption agreement along with a ce rtified cheque or bank draft
for the total purchase price payable to Eureka Resources Inc., at Suite 1100-1111 Melville
Street, Vancouver, B.C., V6E 3V6. A subscrip tion agreement may be obtained by contacting
the Company directly at (604) 449-2273 or by e-mailing [email protected].
Participation is subject to available space and is at th e discretion of the Company.
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Shareholders and interested inve stors are encouraged to return completed subscription
agreements promptly using commercial couriers or priority post.
The Offering will be available to a ccredited investors (as defined in National Instrument 45-
106), and other purchasers subject to the avail ability of exemptions from the prospectus
requirements of Canadian securities laws.
About Eureka
Eureka is an exploration focused company bas ed in Vancouver, Brit ish Columbia whose
strategy is to acquire projects in prospective areas that have the potential to deliver important
new discoveries to create value for its shareholders.
British Columbia, Canada
Eureka’s 100% owned FG Gold property is an advanced-stage gold project located in the
Cariboo Mining Division and curr ently under option to Canarc Resources Corp (TSXV: CCM).
Historical exploration has established a Measured and Indicated (376,000 ounces) gold
resource at an average grade of 0.776 g/t gold, using a cut-off grade of 0.5 g/t, and an Inferred
gold resource (634,900 ounces) at an average grade of 0.718 g/t gold, using a cut-off grade of
0.5 g/t. Details of the gold resource can be found in “NI 43-101 Technical Report, Frasergold
Exploration Project, Cariboo Mining Division, dat ed July 27, 2015” availa ble on SEDAR or at
the Company’s website.
Eureka has the option to earn a 100% interest in the Gold Cr eek property located in the
Cariboo Mining Division. Gold Creek is a grassroots gold project neighbouring, and with similar
geology to the Spanish Mountain deposit owned by Spanish Mountain Gold Ltd. (TSXV: SPA).
Yukon Territory, Canada
Eureka’s 100% owned Luxor property consists of three non-contiguous claim blocks totalling
360 mining claims. Luxor is located in the Dawson Range Gold Belt, a district of major
porphyry, breccia and vein occurrences.
Eureka’s 100% owned TAK property is also located in the Dawson Range Gold Belt and
consists of 82 mining claims.
Neighbouring properties to Luxor and TAK include the Coffee deposit recently acquired by
Goldcorp.
Nevada, USA
Eureka owns a 50 per-cent interest in the Gemi ni lithium brine projec t located approximately
40 km (26 miles) south of North America’s only producing lithium mine at Silver Peak, Nevada.
Kristian Whitehead, P.Geo., and John Kerr, P. Eng., are the Company's designated
Qualified Persons for this news release within the meaning of NI 43-101 and have
reviewed and approved the technical information described in this news release.
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Further information on Eureka can be found on the Company’s website at
www.eurekaresourcesinc.com and at www.sedar.com, or by co ntacting Michael Sweatman,
President and CEO, or Bob Fer guson by email at info@eurek aresourcesinc.com or by
telephone at (604) 449-2273.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical
facts. Forward-looking statements involve risks, uncertainties, and other factors that could caus e actual results, performance,
prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-
looking statements in this news release include, but are not limited to, statements with respect to the Company's proposed
financings, objectives, goals and future exploration plans on th e Company’s properties, the costs related to the Company’s proposed
exploration programs, and the business and operations of the Company. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered reason able, are subject to known and unknown risks, uncertainties and
other factors which may cause actual results and future events to differ materially from those expressed or implied by such for ward-
looking statements. Such factors include, but are not limited to : general business, economic and social uncertainties; litigati on,
legislative, environmental and other judicial, regulatory, politic al and competitive developments ; delay or failure to receive board or
regulatory approvals; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and oth er
matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date
of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where
required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether a s a
result of new information, future events, or otherwise.