Offering's proceeds used for the development of Condor Gold project
By Devika Patel
Knoxville, Tenn., Nov. 26 - Ecuador Gold & Copper Corp. said it has arranged a $2.5 million private placement of units.
The company will sell 11,904,762 units of one common share and one half-share warrant at $0.21 per unit. Each whole warrant is exercisable at $0.35 for three years.
Proceeds will be used for exploration and development of the Condor gold project and general working capital purposes.
The metals explorer is based in Vancouver, B.C.
Issuer: | Ecuador Gold & Copper Corp.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | $2.5 million
|
Units: | 11,904,762
|
Price: | $0.21
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Three years
|
Warrant strike price: | $0.35
|
Pricing date: | Nov. 26
|
Stock symbol: | TSX Venture: EGX
|
Stock price: | C$0.08 at close Nov. 23
|
Market capitalization: | C$7.66 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.