Duncan Park Enters Into Loan Agreement
2014年3月6日 - 5:45AM
Marketwired Canada
Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) announced that
it has entered into an unsecured term loan agreement to borrow $35,000 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 15, 2015.
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.
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.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange Inc.) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Duncan Park Holdings Corporation
Ian McAvity
416-203-0860
ian@duncanpark.com
www.duncanpark.com
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