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Duncan Park Enters Into Loan Agreement
Published : February 27, 2013
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Keywords :   Precious Metals |

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2013) - Duncan Park Holdings Corporation (News - Market indicators)(OTCQX:DCNPF) announced that its board of directors has authorized the Corporation to increase its previously announced borrowing limit from $150,000 to $300,000. Pursuant to this borrowing authority, the Corporation has entered into an unsecured term loan agreement with a non-arm's length party to borrow $56,000 (the "Loan"). The Loan bears an interest rate of 5% per annum, calculated annually and is due and payable on or before March 15, 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.

The financing was approved by non-interested directors of the Corporation. A material change report in respect of the financing 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 financing 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.

Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
ian@duncanpark.com
www.duncanpark.com
Companies Mentionned : Duncan Park Holdings | Metals X |
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Duncan Park Holdings Corporation

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Financings of Duncan Park Holdings Corporation
9/19/2013Announces Completion of Private Placement
8/30/2013Announces Completion of Shares-for-Debt Transaction and Firs...
3/1/2011Completes Flow-Through Private Placement
2/14/2011Increases Size of Flow-Through Offering
Corporate news of Duncan Park Holdings Corporation
8/30/2013Early Warning News Release
8/27/2013Announces Proposed Share Offering and Shares-for-Debt Transa...
8/8/2013Enters into Dome Property Joint Venture Agreement with Spher...
2/27/2013Enters Into Loan Agreement
12/14/2012Completes Flow-Through Offering and Enters into Loan Agreeme...
12/12/2012Announces Flow-Through Share Offering and Proposed Loan
11/30/2012Announces Loan Agreement
11/30/2012Announces Loan Agreement
6/16/2011Summer Drilling Planned at Red Lake
5/25/2011s Status of Exploration
3/31/2011Announces New Director and Option Grants
3/30/2011Announces Completion of Geophysical Field Work, and Signing ...
2/24/2011Announces Closing of Flow-Through Private Placement
2/23/2011Announces Commencement of Exploration at Red Lake
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TSX-V (DPH.V)Other OTC (DCNPF)
0.005+0.00%0.003+0.00%
TSX-V
CA$ 0.005
12/22 15:00 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.005
Year l/h YTD var.
0.005 -  0.010 -50.00%
52 week l/h 52 week var.
0.005 -  0.010 -50.00%
Volume 1 month var.
157,000 -50.00%
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2014-50.00%0.010.01
2013-50.00%0.030.01
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2011-18.18%0.130.07
2010266.67%0.110.02
 
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