VANCOUVER, April 23, 2013 /CNW/ - Aura International Services Ltd. ("Aura"). This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of Ecuador Gold and Copper Corp. (the "Company") by Aura of Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.
As a result of a non-brokered private placement (the "Private Placement"), Aura acquired 9,090,909 common shares (the "Shares") of the Company at a price of US$0.11 per common share.
Accordingly, Aura beneficially owns 32,900,433 common shares and 11,904,762 share purchase warrants (the "Warrants") of the Company, representing approximately 25.58% of the issued and outstanding voting securities of the Company on a non-diluted basis and 31.89% of the issued and outstanding securities of the Company, assuming exercise of the Warrants held by Aura.
The Shares were acquired for investment purposes and the Company may increase or decrease its beneficial ownership or control depending on market or other conditions.
A copy of the Early Warning Report may be found on www.SEDAR.com.
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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.
SOURCE: Aura International Services Ltd.
For further information:
Vice-President, Corporate Development
Ecuador Gold and Copper Corp.
Telephone: (604) 569-1621
E-mail: [email protected]