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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by testfreakon Jan 07, 2014 9:42pm
72 Views
Post# 22067997

RE:Where is the third tranche Aura PP?

RE:Where is the third tranche Aura PP?
TheMerlion wrote: Something appears not to be right regarding the Arua private placement.

Take a look:

August 19 2013 - Aura agree to privide $2,000,000 by way of PP.

https://www.ecuadorgoldandcopper.com/_resources/news/nr_2013_08_19.pdf

A
ugust 26 2013 - EGX complete FIRST tranche for $995,000.

https://www.ecuadorgoldandcopper.com/_resources/news/nr_2013_08_26.pdf

S
eptember 2013 - INCREASE of origianl $2,000,000 PP to up to $3,250,000:

https://www.ecuadorgoldandcopper.com/_resources/news/nr_2013_09_16.pdf

S
eptember 23 2013 - EGX complete SECOND tranche of PP for $1,000,237.

https://www.ecuadorgoldandcopper.com/_resources/news/nr_20130923.pdf

T
HIRD TRANCH IS MISSING AND NOT REPORTED.

December 4 2013 EGX complete FORTH AND FINAL tranche of PP for $150,000.

https://www.ecuadorgoldandcopper.com/_resources/news/nr_2013_12_04.pdf

I
n summary, Aura originally agreed to $2,000,000 in Augest 2013 but it was increased to up to $3,250,000 in September 2013.

EGX complete the FIRST ($995,000) tranche on August 26 2013, the SECOND ($1,000,237) on Setember 23 2013 and the FORTH ($150,000) on December 4 2013.

So far EGX has had $2,145,237 out of the proposed maximum of $3,250,000 therefore leaving $1,104,763 but EGX have not reported any THIRD tranche completion.

Where is this THIRD tranche?

Has it been completed but not reported?

Has it not been completed?







Have EGX made an error by stating FORTH instead of THIRD?

Any ideas because I can not find the completion of the THIRD tranche.







A man like merliar should know to check Sedar for all updates. Ur clueless and ur hero red writing " third trench missing or not filed" the only thing missing is ur brain! 

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