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Estrella Gold Corp Closes Private Placement For $1.1 Million


Thursday, 11 Oct 2012 06:22pm EDT 

Estrella Gold Corp announced that the non-brokered private placement offering announced on September 18, 2012 and increased on October 3, 2012 has been closed. Estrella issued 7.555 million units (a Unit) at $0.15 per Unit for gross proceeds of $1,133,250 million. 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 October 9, 2015 at a price of $0.25 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 February 9, 2013. 

Company Quote

0.05
-0.0050 -9.09%
17 Apr 2014