cuador receives $625,000 (U.S.) from warrant exercise 2014-01-17 17:06 ET - News Release Mr. Glenn Laing reports ECUADOR GOLD ANNOUNCES EXERCISE OF WARRANTS Pursuant to private placements of Ecuador Gold and Copper Corp. that closed on Aug. 23, 2013, and Sept. 23, 2013, the company issued to Aura International Services Ltd. an aggregate of 26,603,157 common shares and 26,603,157 share purchase warrants to purchase an additional 26,603,157 common shares of the company at a price of 7.5 U.S. cents per common share. Aura has exercised 8,333,333 of the warrants and has paid the company a total purchase price of $625,000 (U.S.), in addition to the 8,333,333 warrants exercised in December, 2013, as further described in the company's news release dated Dec. 16, 2013. Aura now holds a total of 106,396,922 common shares of the company, representing approximately 49.4 per cent of the issued and outstanding shares of the company on an undiluted basis. The common shares issued are subject to a four-month hold period from the date of issuance. © 2014 Canjex Publishing Ltd. All rights reserved. |