New Financing Completed (US-$1,000,000 )at 7.5 Cen
Ecuador Gold arranges $1-million (U.S.) placement
2013-06-14 14:09 ET - News Release
Mr. Glenn Laing reports
ECUADOR GOLD & COPPER CORP.ANNOUNCES NON-BROKERED
PRIVATE PLACEMENT FOR US$1,000,000
Ecuador Gold and Copper Corp. has fully subscribed a non-brokered private placement, subject to the polices and approval of the TSX Venture Exchange, with Aura International Services Ltd. for 13.56 million common shares at a price of 7.5 cents per share for gross proceeds of $1-million (U.S.).
The shares issued will be subject to a four-month hold period from the date of issuance.
The proceeds of the private placement will be used for exploration and development of the company's Condor gold project and for general working capital purposes.