October 2, 2015
Eureka Announces Closing of Financing
Eureka Announces Closing of Financing
Vancouver, British Columbia, — October 2, 2015 — Eureka Resources Inc. (“Eureka” or the “Company”) (TSXV:
EUK) announced today that it has closed its previously announced non‐brokered private placement. The
Company issued 625,000 units on a non‐flow through basis (a “Unit”) at a price of $0.08 per Unit and 350,000
units on a flow‐through basis (a “Flow Through Unit”) at a price of $0.10 per Unit, for gross proceeds of $85,000.
Each Unit consists of one common share and one common share purchase warrant entitling the holder to
acquire an additional common share at a price of $0.12 per common share for a period of two years from
closing. Each Flow Through Unit consists of one flow‐through common share, for the purposes of the Income
Tax Act (Canada), and one common share purchase warrant entitling the holder to acquire an additional
common share at a price of $0.12 per common share for a period of two years from closing. All common share
purchase warrants issued in connection with the private placement 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 common share over a period of 10 consecutive trading days.
The proceeds of the private placement raised through the sale of the Flow Through Units will be used for
exploration on the Company’s Frasergold property located 100 kilometres east of Williams Lake, B.C. The
exploration program will consist of soil sampling focused to the northwest of the currently defined Frasergold
deposit and along the same trend. The proceeds of the private placement raised through the sale of the Units
will be used for working capital.
The Company paid cash finder’s fee to Haywood Securities Inc. in the amount of $1,000 and to Coal River
Resources Inc. in the amount of $600.
All securities issued in the Offering will be subject to a four‐month hold period, which expires on February 2,
2016. 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.
About Eureka and the Frasergold Project
Since its incorporation in 1981, Vancouver‐based Eureka Resources Inc. has focused on the exploration and
evaluation 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
John R. Kerr, P.Eng., is the Company’s designated Qualified Person for this news release within the meaning of
NI 43‐101 and has reviewed and approved the technical information described in this news release.
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Further information on Eureka and the Frasergold Project can be found on the Company’s website atwww.eurekaresourcesinc.com
and at www.sedar.com, or by contacting Michael Sweatman, President and CEO
by email at email@example.com or by telephone at (604) 449‐2273.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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 cause actual results, performance,
prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forwardlooking
statements in this news release include, but are not limited to, statements with respect to the Company’s proposed financing,
objectives, goals or future exploration plans at the Frasergold Project, and the business and operations of the Company. Forwardlooking
statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, 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 forward-looking statements. Such factors include, but are not limited to: general business,
economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in the Company’s
public documents filed on SEDAR at www.sedar.com; and other 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 as a result of new information, future events, or otherwise.
You can view the Next News item:October 7th, 2015, Eureka Resources Inc.in Resource World Magazine- See pages 24-26
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