Published On: Sun, Aug 31st, 2014

Duncan Park Holdings Corp. (OTCMKTS:DCNPF): Enters into Loan Agreements to Borrow $45,000

Duncan Park Holdings Corp. (OTCMKTS:DCNPF) recently announced to have inked “unsecured term loan agreements” with two parties to borrow a total amount of $45,000. The company noted that the loans bear an interest rate of five percent per annum, due and payable on December 15, 2015. The company’s President and Chief Executive Officer committed a loan of $25,000 and the Chairman committed a loan of $20,000, under the loan agreements. The company plans to use the proceeds for working capital purposes. As per the agreement, the company is free to repay the loan, without penalty, prior to the maturity date.

Duncan Park Holdings Corp. (OTCMKTS:DCNPF) noted that the loans were approved by “non-interested” directors of the company. The company will file a “material change report” on SEDAR in respect of the loans and in accordance with applicable securities law.

Duncan Park Holdings is a Toronto, Canada-based minerals Exploration Company with focus on gold and other precious metals in the Byshe, Dome and Hyeson Townships in Red Lake gold mining district, Ontario. The company holds 100 percent interest on McManus patented claims and 75 percent interest on Dome claims. The Red Lake area is a productive gold region.

Duncan Park Holdings Corp. (OTCMKTS:DCNPF)’s executive management involves Ian McAvity as its President and Chief Executive Officer and Harold J. Doran as its Chief Financial Officer and Secretary. Mr. McAvity brings over two and half decades of director-level experience and has been serving on the Company’s Board since 2004. He is a noted technical analyst of precious metals and other markets. He currently serves as the lead trustee of Central Gold Trust, and the lead trustee and member of the Audit Committee of Silver Bullion Trust. Mr. Doran is a Chartered Accountant with more than four and half decades of experience.

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