Duncan Park Enters Into Loan Agreement
March 05 2014 - 4:45PM
Marketwired
Duncan Park Enters Into Loan Agreement
TORONTO, ONTARIO--(Marketwired - Mar 5, 2014) - 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.
Duncan Park Holdings CorporationIan
McAvity416-203-0860ian@duncanpark.comwww.duncanpark.com
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