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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (4648)5/7/2014 6:13:45 PM
From: Goose94Read Replies (1) of 203566
 
Estrella Gold (EST-V) $500,000 Financing Fully Subscribed

May 7, '14 - NR

Estrella Gold Corp.'s private placement for $500,000 by way of an offering of 10 million units at five cents per unit has been fully subscribed and will be closed shortly. Estrella requested conditional approval of the offering from the TSX Venture Exchange and received that conditional approval on May 2, 2014. The completion of the private placement remains subject to the final approval of the TSX Venture Exchange.

Jason Weber, Estrella's recently appointed president and chief executive officer, commented: "I am very pleased with how smoothly this financing has gone. My focus now shifts to Peru and on completing a comprehensive review of the project portfolio. John Wilson, my predecessor at Estrella, and I will conduct this review next week with the goal of defining our joint venture strategy for each of our current properties and generating new prospects."

Financing terms

Each five-cent unit consists of one common share and one common share purchase warrant which allows the holder to buy one common share per warrant held for a period of three years at 10 cents per share. Insiders and certain strategic investors have acquired a significant portion of this offering.
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