HERE IS UR 3RD TRENCH MERLIARMAYBE INSTEAD OF TRYING TO BASH AND FIND THINGS WRONG WITH EGX U CAN FIND POSITIVES! HERE U GO sedar.com! nov 8th, nice homework u clown trying to make up more HATE and spin things in negative way! sedar.com all the info. again sedar.com how could a professional squid basher miss this? get ur FACTS RIGHT ECUADOR GOLD ANNOUNCES CLOSING OF THIRD TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF US$1.1 MILLION November 8, 2013 – Toronto, Ontario: Ecuador Gold & Copper Corp. (TSX-V: EGX) (the “Company”) is pleased to announce that it has closed the third tranche (the “Third Tranche Closing”) of its non-brokered private placement for gross proceeds of up to US$3,250,000 (the “Private Placement”). A total of US$1,100,000 (C$1,146,090) was raised pursuant to the Third Tranche Closing, by the issuance to Aura International Services Ltd. (“Aura”) of 14,666,666 units (each a “Unit”) of the Company at a price of US$0.075 per Unit. Each Unit is comprised of one common share (a “Share”) of the Company and one common share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to acquire a Share at a price US$0.075 per Share until January 15, 2014. Upon closing of the Third Tranche, Aura owns a total aggregate of 87,730,256 Shares and 53,174,585 common shares purchase warrants (the “Aura Warrants”) of the Company, representing approximately 44.9% of the issued and outstanding Shares of the Company on a non-diluted basis, 48.7% on a partially diluted basis after giving effect to exercise of the Aura Warrants, and 56.7% on an extended partially-diluted basis after giving effect to exercise of all of the Warrants held by Aura after completion of the Third Tranche Closing. Prior to the Third Tranche Closing, Aura owned 40.4% of the Company’s issued and outstanding Shares on a non-diluted, 44.5% of the Company’s issued and outstanding Shares on a partially diluted basis, and 50.9% on an extended partially-diluted basis. In exchange for the purchase by Aura of all of the Units under the Private Placement and the exercise of the Warrants contained in the Units providing aggregate gross proceeds of US$6.2 million to the Company, Aura will be entitled to nominate up to three directors of the Company. Aura is a “related party” to the Company under MI 61-101 as it is a “control person” of the Company by virtue of its shareholdings in excess of 20% of all issued and outstanding Shares of the Company. Accordingly, the Third Tranche Closing of the Private Placement is a “related party transaction” under MI 61-101. Effective August 14, 2013, the Private Placement was unanimously approved by the board of directors of the Company. On October 11, 2013, the Company also received minority shareholder approval for the Private Placement pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) at a special meeting of the shareholders of the Company held on October 11, 2013 (the “Shareholders’ Meeting”). On November 6, 2013 the Company agreed to the subscription by Aura of the