Monday, November 24, 2014 12:03:40 PM
VANCOUVER, BRITISH COLUMBIA, Nov 24, 2014 (Marketwired via COMTEX) --
Estrella Gold Corporation (EST) ("Estrella" or the "Company") is pleased to announce that it has arranged a $200,000 by way of a non-brokered private placement (the "Units").
Certain strategic investors, along with the management team, will participate in the financing. The continued support of the current shareholder group is a significant benefit to Estrella in working to achieve its goals.
The financing will consist of 4 million Units at a price of $0.05 per Unit. Each Unit is comprised of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a 36 month period at a price of $0.10 per common share starting from the date of closing.
Estrella currently has 43,650,304 common shares outstanding which will increase to 47,650,304 common shares upon completion of this financing. The core strategic shareholder group continues to hold a significant amount of the shares of Estrella, including insiders and certain individual investors.
About Estrella Gold Corporation (EST)
Estrella is a "Prospect Generator" focused on gold and copper exploration in Latin America. Estrella identifies and acquires new mineral properties, conducts initial, low-cost exploration to define new targets and then seeks joint ventures with other companies to fund more advanced exploration. Estrella currently has one project in joint venture with Cliffs Natural Resources.
Management is focussed on advancing the La Estrella (wholly-owned) and Yanac (50% JV with Cliffs Natural Resources) projects in southern Peru. Management continues to seek a partner for La Estrella to test gold targets on strike and at depth from known mineralization on the property. In addition, Estrella continues to review potential project acquisitions and conduct grassroots generative work in order to build a solid portfolio of gold and copper projects in South America.
The Company is listed on the TSX Venture Exchange (EST). Mr. Jason Weber, BSc, P.Geo, is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has reviewed and verified the technical information contained in this news release.
NEITHER 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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
Contacts:
Estrella Gold Corporation
Jason Weber
President and CEO
(604) 687-3520
(888) 889-4874 (FAX)
Estrella Gold Corporation
Sandrine Lam
Shareholder Communications
(604) 687-3520
(888) 889-4874 (FAX)
www.estrellagold.com
SOURCE: Estrella Gold Corporation
(C) 2014 Marketwire L.P. All rights reserved.
_______________________________
http://www.marketwatch.com/story/estrella-gold-announces-200000-financing-2014-11-24-9173613?reflink=MW_news_stmp
CSRFF
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM