ECUADOR GOLD AND COPPER CORP V.EGX

Debenture offering...

[jjwilson]

Hello fellow shareholders.  I'm looking for some information on the debenture offering.  Of course I will call IR to get the details but I've never bought a debenture before (although I've been buying and selling stock for 20 years) and thought I'd ask a few questions before I make the call.  As I read it current shareholders can buy-in at a cost of .05/per debenture which will pay a 12% return as of the end of Dec 2015 or convert the amount of money paid into shares at .05/share and receive a 1/2 share warrant right to buy at .10/share for 24 months.  Will I be expected to send a check directly to the company or is this something that I do through my broker?  Can the warrants be bought/sold on the market or are they restricted to the person who bought them directly?  Is there any reason why I shouldn't just sell all my shares now at .07/share and buy (more) debentures at .05/share (other than the fact that I'd be limited to a max of $15,000)? Thanks for any info.

[kersmash]

I sent an email...no reply yet..guess they aren't needing the money too bad

[jjwilson]

I decided I had enough of an understanding to call for information.  Just called the number in the press release - Jeanny So.  Very friendly and helpful and I got right through to her.  Here's what she told me;  the debenture is already closed but a subsciption PP is still available.  The paperwork is not yet complete but should be by next week.  Individual