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TORONTO, ONTARIO--(Marketwired - Nov 27, 2014) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced that it has entered into unsecured term loan agreements to borrow a total of $25,000 from two non-arm's length parties (the "Loans"). The Loans bear an interest rate of 5% per annum, calculated annually and are due and payable on December 15, 2015. Loans of $15,000 and $10,000 were made by Ian McAvity, President/CEO of the Corporation (who is also a 10%+ shareholder), and Eric Salsberg, Chairman of the Corporation, respectively. Proceeds from the Loans will be used for working capital purposes and may be prepaid by the Corporation prior to their maturity date without penalty. The Loans were approved by non-interested directors of the Corporation. A material change report in respect of the Loans will be filed on SEDAR in accordance with applicable securities law. The report could not be filed at least 21 days prior to closing as material information concerning the Loans was not then known by the Corporation. About Duncan Park Duncan Park is a Toronto-based mineral exploration company exploring for gold and other precious metals in Ontario's prolific Red Lake gold mining district. Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
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Duncan Park Holdings Corporation
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EXPLORATION STAGE |
CODE : DPH.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Duncan Park Holdings is a gold exploration company based in Canada. Duncan Park Holdings holds various exploration projects in USA. Its main exploration properties are ELEPHANT GOLD & SILVER JV PROJECT, ROCK CREEK PROPERTY and SANTA RENIA in USA. Duncan Park Holdings is listed in Canada and in United States of America. Its market capitalisation is CA$ 12.6 millions as of today (US$ 9.4 millions, € 8.2 millions). Its stock quote reached its highest recent level on September 09, 2005 at CA$ 1.40, and its lowest recent point on February 01, 2019 at CA$ 0.01. Duncan Park Holdings has 126 076 108 shares outstanding. |