Ecuador Gold and Copper Corp. commences trading on the TSX Venture Exchange with trading symbol "EGX"
12 July 2012 - 1:11PM
PR Newswire (Canada)
/Not for distribution to U.S. Newswire Services or for
dissemination in the United States. Any failure to comply with this
restriction may constitute a violation of U.S. securities laws./
VANCOUVER, July 12, 2012 /CNW/ - Ecuador Gold & Copper Corp. ,
formerly Enterprise Capital Corporation, (the "Company") is
pleased to announce that the Company has met the requirements to be
listed on the TSX Venture Exchange as a Tier 2 Company. Therefore,
effective at the opening on Thursday July 12, 2012, the common
shares of Ecuador Gold & Copper Corp will commence trading on
the TSX Venture Exchange with the trading symbol - "EGX". The
company is classified as a mineral exploration company Ecuador Gold
& Copper Corp will have 95,697,416 common shares issued and
outstanding, 24,813,025 warrants outstanding and options to acquire
4,711,355 common shares outstanding. The principals of the Company
collectively hold 23,335,000 Common Shares and 4,271,355 stock
options of the Company all of which are subject to a Tier 2 Value
Security Escrow Agreement. In addition, 750,000 Common Shares are
held by non-principals of the Company which are also subject to a
Tier 2 Value Security Escrow Agreement. The board of directors of
the Company are as follows: Glenn Laing, Carson Phillips, James
Hutton and James Xiang and the executive management is as follows:
-- Glenn Laing - President, Chief Executive Officer and Chief
Operating Officer -- Carson Phillips - Vice-President, Corporate
Development -- Angel Law - Chief Financial Officer and Corporate
Secretary FORWARD LOOKING INFORMATION Certain statements contained
in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use
of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. In
particular, this news release contains forward-looking information
relating to the satisfaction of the issuance of the final exchange
bulletin in respect of the Transaction and the listing of the
Common Shares. The final exchange bulletin will not be issued if
the Exchange determines that the Company has not met the conditions
set out in the Exchange's conditional approval letter. Various
assumptions or factors are typically applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information
currently available to the Company. The material factors and
assumptions include the ability of the Company to meet the
conditions for listing of the Exchange. The Company cautions the
reader that the above list of risk factors is not exhaustive. The
forward-looking information contained in this release is made as of
the date hereof and the Company is not obligated to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained herein.
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. Ecuador Gold and Copper Corp. CONTACT:
Carson PhillipsVice-President, Corporate DevelopmentTelephone:
(604) 569-0721E-mail: cphillips@ecuadorgoldandcopper.com
Copyright
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