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VANCOUVER, June 19, 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, BVI.
As a result of a non-brokered private placement (the "Private Placement"), Aura acquired securities of the Company.
Aura acquired 13,560,000 common shares of the Company pursuant to the Private Placement, as a result of the Company's subscription for 13,560,000 common shares at a price of CDN$0.075 per share.
Accordingly, Aura beneficially owns 46,460,433 common shares and 11,904,762 Warrants (the "Securities") of the Company, representing approximately 32.7% of the issued and outstanding voting securities of the Company on a non-diluted basis and 37.9% of the issued and outstanding securities of the Company, assuming exercise of all of the Warrants held by Aura, being 11,904,762 Warrants.
The Securities 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.
SOURCE: Aura International Services Ltd.
For further information:
Chief Executive Officer & President
Ecuador Gold and Copper Corp.
Telephone: (647) 865-3101
E-mail: [email protected]