May 6, 2015
Private Placement of Flow-throughand Non-flow-through Units
This press release does not constitute an offer of securities for sale in the United States and no securities may be offered or sold in the United States absent registration under the Securities Act of 1933 or an exemption from registration.VANCOUVER, BRITISH COLUMBIA — May 6, 2015
— Eureka Resources Inc. (“Eureka
” or the “Company”) (TSX-V — EUK) is pleased to announce a non-brokered private placement (the “Private Placement
”) pursuant to which Eureka proposes to issue up to 1,000,000 flow-through units at a price of $0.025 per unit and up to 3,000,000 non-flow-through units at a price of $0.025 per unit for gross proceeds of up to $100,000. The Private Placement is subject to the approval of the TSX Venture Exchange.
Each flow-through unit under the Private Placement will consist of one flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share of the Company at an exercise price of $0.05 during the period that is 12 months from the closing date or at an exercise price of $0.10 at any time after 12 months and before 24 months from the closing date.
Each non-flow-through unit under the Private Placement will consist of one non-flow-through common share and one warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share of the Company at an exercise price of $0.05 during the period that is 12 months from the closing date or at an exercise price of $0.10 at any time after 12 months and before 24 months from the closing date.
All the securities issuable will be subject to a four-month hold period from the closing date.
The proceeds of the private placement will be used to extend the current expiry date of the mineral claims comprising the Frasergold property (the “Property
”) owned by the Company, fund exploration on the Property and to provide funds for general working capital for the Company.About Eureka Resources Inc.
Since its incorporation in 1981, Eureka Resources Inc. has focused on the exploration and development of natural resource properties in order to create wealth for investors. With successful B.C. entrepreneur John J. O’Neill at the helm, Eureka has long been a steady and trustworthy presence on the province’s mineral-exploration scene.
For further information please visit www.eurekaresourcesinc.com
or contact 604.608.6154.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. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s proposed financing, objectives, goals or future plans and the business and operations of the Company. Forward-looking 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.
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