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Ecuador Gold and Copper Corp
Symbol C : EGX
Shares Issued 196,591,424
Close 2013-12-04 C$ 0.105
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Ecuador Gold holder Aura increases holdings to 45.18%
2013-12-05 18:17 ET - News Release
Mr. Glenn Laing reports
EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 ACQUISITION OF SHARES OF ECUADOR GOLD AND COPPER CORP.
As a result of the final tranche closing of Ecuador Gold and Copper Corp.'s non-brokered private placement, Aura International Services Inc. has acquired two million units at a price of 7.5 U.S. cents per unit for a total purchase price of $150,000 (U.S.). Each unit comprises one common share and one common share purchase warrant exercisable at 7.5 U.S. cents per share until Sept. 15, 2014.
Together with the shares and other common share purchase warrants of the company owned by Aura, Aura beneficially owns a total of 89,730,256 shares and 55,174,585 warrants of the company, representing approximately 45.18 per cent of the issued and outstanding shares of the company on a non-diluted basis, and 45.73 per cent of the issued and outstanding shares of the company on a partially diluted basis, giving effect to the exercise of the two million warrants acquired in connection with the final tranche closing, and 56.3 per cent on an extended partially diluted basis after giving effect to exercise of all of the warrants held by Aura after completion of the final tranche closing.
The units were acquired for investment purposes, and Aura may increase or decrease its beneficial ownership or control depending on market or other conditions.
A copy of the early warning report may be found on SEDAR.
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