Orezone Gold Corporation press release
Eureka to issue bonus shares to shareholder
TSX - Toronto Stock Exchange · Gold · Silver · Canada
TSX-V: EUK
VANCOUVER, Dec. 6 /CNW/ - Eureka Resources, Inc. (the "Company") announced that it has ratified certain borrowings from a shareholder and a company controlled by a shareholder (collectively, the "Lenders"), totaling $368,140. The Company and the Lenders have agreed that the loan will bear interest at a rate of 4% per annum and is payable on demand by the Lenders. As additional consideration for the loan, the Company has agreed to issue 193,758 common shares to the Lenders equal to 20% of the loan at a price of $0.38 per common share (the "Bonus Shares"), subject to regulatory approval. The Bonus Shares will be subject to resale restrictions expiring four months from the date of issuance.
On behalf of the Company:
"Signed"
J.J. O'Neill
President
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