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Estrella Gold Corp Announces Private Placement


Wednesday, 19 Sep 2012 05:17pm EDT 

Estrella Gold Corp announced a non-brokered private placement offering of up to 5,000,000 units (each a Unit) at $0.15 per Unit for gross proceeds of up to $750,000 (the Offering). Estrella will use the proceeds on several strategic fronts which include: advancing three of Estrella's gold targeted Peruvian properties; continuing Joint Venture negotiations on current projects; exploring 4 licenses under application in the Dominican Republic; and, for working capital and general corporate purposes. Each Unit is comprised of one common share and one non-transferable warrant (each a Warrant). Each Warrant entitles the holder to purchase one common share at an exercise price of $0.25 per share for three years following the date of the closing. In connection with the Offering, the Company may pay eligible persons (the Finders) a finder's fee equal to up to 5% of the gross proceeds from the Units placed by the Finder in cash and also issue up to 10% of finder's warrants (each a Finder's Warrant) equal to 10% of the total number of Units placed through each Finder under the Offering. Each Finder's Warrant entitles the holder to acquire one Unit of Estrella at $0.15 for a period of 36 months from the closing date of the Offering. The Offering is subject to TSX Venture Exchange acceptance. The securities issued pursuant to the Offering will all be subject to a 4 month regulatory hold period commencing from the date of closing. 

Company Quote

0.07
0.0050 +7.69%
25 Jul 2014