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Duncan Park Enters Into Loan Agreement
Published : February 27, 2013
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Keywords :   Gold | Market | 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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CODE : DPH.V
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Contact Cpy

Duncan Park Holdings is an exploration gold 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$ 1.9 millions as of today (US$ 1.5 millions, € 1.3 millions).

Its stock quote reached its highest recent level on September 09, 2005 at CA$ 1.40, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Duncan Park Holdings has 126 076 108 shares outstanding.

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Financings of Duncan Park Holdings Corporation
2/14/2011Increases Size of Flow-Through Offering
Corporate news of Duncan Park Holdings Corporation
5/27/2016Duncan Park Enters Into Loan Agreement
3/29/2016Duncan Park Announces Appointment of Acting President and CE...
3/16/2016Duncan Park Announces the Passing of President and CEO
2/29/2016Duncan Park Enters Into Loan Agreement
11/30/2015Duncan Park Enters Into Loan Agreement
7/20/2015Duncan Park Enters Into Loan Agreement
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4/2/2015World food prices hit lowest in nearly 5 years last month - ...
2/27/2015Duncan Park Enters Into Loan Agreement
12/12/2014Duncan Park Completes Flow-Through Share Offering; Proceeds ...
12/8/2014Duncan Park Announces Flow-Through Share Offering; Proceeds ...
11/27/2014Duncan Park Enters Into Loan Agreements
8/29/2014Duncan Park Enters into Loan Agreements
5/22/2014Duncan Park Enters into Loan Agreements
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
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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