Ecuador Gold announces exercise of warrants
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TORONTO, June 6, 2014 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX) (the "Company"), announces that Aura International Services Ltd. ("Aura") has completed the exercise of 8,333,333 share purchase warrants (the "Warrants") and acquired 8,333,333 common shares of the Company in consideration of paying the Company a total of US$625,000.
The Warrants were issued pursuant to private placements which closed on August 23, 2013 and September 23, 2013 and were exercisable at a price of $0.075.
Aura previously exercised an aggregate of 29,999,998 share purchase warrants of the Company in consideration of paying the Company US$2,375,000, as further described in the Company's news releases filed on SEDAR.
Aura now holds a total of 128,063,587 common shares of the Company, representing approximately 54% of the issued and outstanding shares of the Company on an undiluted basis.
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.
Contact
Glenn Laing, President and Chief Executive Officer, Telephone: (647) 865-3101, Email: glaing@ecuadorgoldandcopper.com