Key Developments: Estrella Gold Corp (EST.V)
0.06CAD
15 May 2013
$0.01 (+33.33%)
$0.05
$0.06
$0.06
$0.06
2,800
22,999
$0.23
$0.04
Latest Key Developments (Source: Significant Developments)
Estrella Gold Corp Appoints John R. Wilson President & CEO
Estrella Gold Corp announced that John R. Wilson has been appointed President and CEO. Full Article
Estrella Gold Corp Announces Appointment Of Interim President And CEO
Estrella Gold Corp announced that Mark T. Brown has been appointed Interim President and Chief Executive Officer (CEO). Mr. Keith Laskowski has stepped down from his positions as Director, President and CEO of the Company. Full Article
Estrella Gold Corp Closes Private Placement For $1.1 Million
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. Full Article
Estrella Gold Corp Increases Private Placement to $1.1 Million
Estrella Gold Corp announced that the non-brokered private placement offering announced on September 18, 2012 has been over-subscribed. Estrella has increased the offering from $750,000 to $1,133,250 or 7,555,000 units and the offering is fully subscribed. Two strategic shareholders decided to increase their positions significantly and this has oversubscribed the financing. Each of these shareholders have been long term investors in Estrella and supporters of the prospect generator model which Estrella follows. 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. The Offering is subject to TSX Venture Exchange acceptance and is expected to close shortly. The securities issued pursuant to the Offering will all be subject to a 4 month regulatory hold period commencing from the date of closing. Full Article
Estrella Gold Corp Announces Private Placement
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. Full Article
Estrella Gold Corporation Announces Drilling At La Estrella Gold-Silver Project
Estrella Gold Corporation announced the start of a 2,500 meter core drilling program at the Company's namesake La Estrella project in Central Peru. Goals of the program are to drill test a strong induced polarization geophysical target located adjacent to the main mineralized zone and to expand the southwest extend of mineralization and define the distribution of high-grade mineralization. Geological mapping and soil sampling will also be completed to evaluate new areas adjacent to the main zone of mineralization. The program is funded and operated by Mines Management Inc (MMI) under Estrella's recently announced Option Agreement. Estrella is also funded by MMI to provide geological and administrative support and remains responsible for community relations programs. MMI can earn a 75% interest in the property by making payments of USD550,000 to Estrella, spending USD5 million on exploration, and completing a NI 43-101 compliant Preliminary Economic Analysis (PEA) on the property. Full Article
Estrella Gold Corporation Signs Agreement To Sell 75% Interest In La Estrella Gold-Silver Property, Peru To Mines Management, Inc.
Estrella Gold Corporation announced that it has signed a formal Exploration Earn-In Agreement for the sale of 75% interest in its namesake La Estrella gold and silver property to Mines Management Inc. Terms of the Agreement call for Mines Management to make payments of $550,000 over three years, work expenditures totaling $5 million, and complete a NI 43-101 compliant Preliminary Economic Analysis (PEA) on an established resource to obtain its 75% interest. Mines Management will also carry Estrella's 25% interest to production, with Estrella paying back its share of development costs from production revenues. Mines Management is planning to complete a minimum of 2,500 meters of drilling during 2012. Full Article
Estrella Gold Corporation Announces Drill Program At Pampa Poroma Iron-Oxide Copper Gold Project, Peru
Estrella Gold Corporation announced a 2,000 meter core drilling program at its Pampa Poroma Iron-oxide copper gold project (IOCG) in southern Peru. The Pampa Poroma property is located approximately 20 km northeast from the Marcona-Mina Justa Iron Oxide Copper Gold district which contains at least three major IOCG deposits. The Marcona and Mina Justa deposits each contain between 400 million to 1.4 billion tonnes of iron-oxide-copper-gold resources. The Pampa Poroma property contains 900 hectares of mineral claims located over prospective alteration and mineralization. Estrella owns a 100% interest in the claims which are subject to its IOCG Exploration Alliance Agreement, dated as of February 9, 2011 with Cliffs Natural Resources Exploration Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. Estrella has completed systematic mapping, rock sampling, ground magnetics and gravity surveys on the property during the last year, resulting in the identification of drill targets. Drilling will be conducted by Bradley Drilling SAC of Lima Peru and will commence during the first half of February. Full Article
Lara Signs Option To Acquire Isy Gold Property In Peru Estrella Gold Corporation
Lara Exploration Ltd. announced that it has signed an Option Agreement with Estrella Gold Corp. to acquire the Isy Gold Property in southern Peru. The property lies adjacent to and contiguous with the Company's Sami project and the Company believes that it covers extensions of its Pitusaja high-sulphidation epithermal gold target. The Isy property covers 3,100 hectares of predominantly Tertiary-age volcanics, where Estrella has completed reconnaissance mapping and sampling that outlined epithermal-style alteration with anomalous gold, silver and arsenic values. Under the terms of the agreement the Company will pay Estrella USD255,000 in cash and/or Lara shares (USD30,000 paid) over three years, 50,000 Lara shares on the third anniversary and a 1.5% Net Smelter return Royalty. Lara can elect to buy 50% of the royalty for USD3 million within one year of commencement of commercial production. Full Article
Estrella Gold Corporation Appoints New CFO
Estrella Gold Corporation announced that the Board of Directors of the Company has appointed Ms. Winnie Wong, CA, as the new Chief Financial Officer (CFO) and Corporate Secretary, and has established a management contract with Pacific Opportunity Capital Ltd. (POCL). Ms. Winnie Wong, CA replaces Khurram Qureshi as Company's CFO. Full Article
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