Bullboard - Stock Discussion Forum ECUADOR GOLD AND COPPER CORP V.EGX

Metals & Mining Gold

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

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TSXV:EGX - Post Discussion

ECUADOR GOLD AND COPPER CORP > News just out - PP closed

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Post by SizzlinSteaks on Nov 25, 2013 2:06pm

News just out - PP closed

Ecuador Gold and Copper Corp. announces completion of private placement

25 Nov 2013 13:54 ET

CNW Group - CND

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

Ecuador Gold & Copper Corp. (TSX-V: EGX) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the"Private Placement") raising gross proceeds of CDN$95,238.74 for 1,209,726 shares (the "Shares") of the Company at a price of US$0.075 per Share.

The proceeds of this Private Placement will be used for the advancement of the exploration and development expenses, preliminary working capital, and as additional working capital. No bonus shares, commission or finder's fees have been paid in connection with the Private Placement. The Shares issued are subject to a four-month hold period from the date of issuance.

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Comment by testfreak on Nov 25, 2013 2:09pm

thats not the news i thought we would see, i want pea and drilling news, maybe end of week

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Comment by SizzlinSteaks on Nov 25, 2013 2:12pm

Agreed but still good that they closed the PP.

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Comment by cocaine on Nov 25, 2013 2:14pm

good job egx, keep the funding going! looks like their not scared to invest in egx! and dont u worry drilling news this week imo

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Comment by Solartrakk on Nov 25, 2013 2:16pm

They just closed a PP and now another at the same price? Never seen so many .075 PP in my life. Is it fair to the shareholders? Why so much dilution with this play? She will go back to PP price guaranteed.

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Comment by testfreak on Nov 25, 2013 2:22pm

well if u did have half a brain u would see that most of the shares are owned by board directors and aura investments, sedar.com if u wanna look. aura keeps doing pp and price wont matter when they get bought, man o man, ur posts are laughable at best just like ur call for .06 lol

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Comment by fleamarket on Nov 25, 2013 2:31pm

Never called .06 LIAR pull that one out so we can all see it PUMPSTER

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Comment by cocaine on Nov 25, 2013 2:37pm

its funny watching solar bash after he admits to selling ALL his holdings lol, very comical, but that aside test i think action jackson called .06 but who really cares, like u said before their intentions are clear and one thing they cant argue is 8million oucnes 18.5 silver and billion pounds copper not incluiding the drilling on south proprty 1000m away, 3000m currnetly undereway and 2 rigs to ...more

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