Ecuador Gold & Copper Corp. announces amendment to conversion price of convertible debentures of US$1,000,000

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TORONTO, June 27, 2013 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX)(the "Company") announces that it has submitted an application to the TSX Venture Exchange to amend the conversion price of US$1,000,000 of outstanding convertible debentures which are currently convertible at a price of US$0.25 to a price of US$0.11, such that the US$1,000,000 will be convertible into 9,090,900 common shares of the Company. In addition, debenture holders have agreed to provide at least 30 days' notice prior to the August 31, 2013 maturity date in the event they decide not to convert.

All other terms of the Debentures will remain the same.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Ecuador Gold and Copper Corp.