Duncan Park Enters into Loan Agreement

Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) announced that
it has entered into a unsecured term loan agreement to borrow $59,000 from a
non-arm's length party (the "Loan"). The Loan bears an interest rate of 5% per
annum, calculated annually and is due and payable on December 31, 2014.


The Loan was made by Ian McAvity, president, CEO, a director and a 10%+
shareholder of the Corporation. Proceeds of the Loan will be used for working
capital purposes and may be prepaid by the Corporation prior to its maturity
date without penalty.


With the new Loan, the Corporation has now borrowed a total of $215,000, on
similar terms, under the $300,000 borrowing authority previously approved by the
directors of the Corporation. (See press release dated February 27, 2013.) The
maturity dates of the earlier loans had been extended from March 14, 2014 to
December 31, 2014.


The Loan was approved by non-interested directors of the Corporation. A material
change report in respect of the Loan will be filed on SEDAR in accordance with
applicable securities law. The report could not be filed at least 21 days prior
to closing as material information concerning the Loan was not then known by the
Corporation.


About Duncan Park 

Duncan Park is a Toronto-based mineral exploration company exploring for gold
and other precious metals in Ontario's prolific Red Lake gold mining district.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
ian@duncanpark.com
www.duncanpark.com

Duncan Park Holdings Corporation (TSXV:DPH)
過去株価チャート
から 5 2024 まで 6 2024