Proceeds fund exploration and development of the Condor Gold Project
By Devika Patel
Knoxville, Tenn., June 14 - Ecuador Gold & Copper Corp. said it plans a $1 million non-brokered private placement of stock with Aura International Services Ltd.
The company will sell 13.56 million common shares at C$0.075 apiece, which is a 150% premium to the June 13 closing share price of C$0.03.
Proceeds will be used for exploration and development of the company's Condor Gold Project and general working capital purposes.
The gold and copper explorer is based in Vancouver, B.C.
| Issuer: | Ecuador Gold & Copper Corp.
|
| Issue: | Common shares
|
| Amount: | $1 million
|
| Shares: | 13.56 million
|
| Price: | C$0.075
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Aura International Services Ltd.
|
| Pricing date: | June 14
|
| Stock symbol: | TSX Venture: EGX
|
| Stock price: | C$0.03 at close June 13
|
| Market capitalization: | C$5.14 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
