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TORONTO, Nov. 25, 2013 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") raising gross proceeds of CDN$95,238.74 for 1,209,726 shares (the "Shares") of the Company at a price of US$0.075 per Share.
The proceeds of this Private Placement will be used for the advancement of the exploration and development expenses, preliminary working capital, and as additional working capital. No bonus shares, commission or finder's fees have been paid in connection with the Private Placement. The Shares issued are subject to a four-month hold period from the date of issuance.
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: Ecuador Gold and Copper Corp.
For further information:
Chief Executive Officer & President
Telephone: (647) 865-3101
E-mail: [email protected]