Estrella Gold Closes Private Placement for $600,000
15 Maio 2014 - 7:38PM
Marketwired
Estrella Gold Closes Private Placement for $600,000
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2014) -
Estrella Gold Corporation (TSX-VENTURE:EST) ("Estrella" or the
"Company") is pleased to announce that the non-brokered private
placement offering announced on April 29, 2014 and May 7, 2014 and
increased on May 13, 2014 has been closed.
Certain strategic investors have participated in the financing.
The management team and several shareholders have also increased
their positions. The support of the current shareholder group is a
significant benefit to Estrella in working to achieve its
goals.
Estrella issued 12 million units (a "Unit") at $0.05 per Unit
for gross proceeds of $600,000. 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, expiring on May 15,
2017 at a price of $0.10 per common share starting from the date of
closing.
The securities issued pursuant to the Offering will all be
subject to a 4 month regulatory hold period expiring September 16,
2014.
About Estrella Gold Corporation (TSX-VENTURE:EST)
Mineral exploration is inherently risky and Estrella increases
the chances of success as a "Prospect Generator" focused on gold
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 has two
properties optioned out or held in joint venture agreements. The
Company is listed on the TSX Venture Exchange (TSX-VENTURE:EST).
Mr. John Wilson, BSc, MS, 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.
Estrella Gold CorporationJason WeberPresident and CEO(604)
687-3520(888) 889-4874Estrella Gold CorporationSandrine
LamShareholder Communications(604) 687-3520(888)
889-4874www.estrellagold.com
(TSXV:EST)
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