/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./
TORONTO,
March 25, 2014 /CNW/ - Pursuant to
private placements of Ecuador Gold & Copper Corp. (TSX-V: EGX)
(the "Company"), which closed on September 23, 2013 and November 6, 2013 , the Company issued to Aura
International Services Ltd. ("Aura") an aggregate of
28,003,157 common shares and 28,003,157 share purchase warrants
(each a "Warrant") to purchase an additional 28,003,157
common shares of the Company at a price of US$0.075 per common share.
The Company is pleased to announce that Aura has
completed the exercise of 6,666,666 Warrants and has paid the
Company a total purchase price of US$500,000. Previously, Aura exercised an
aggregate of 23,333,332 warrants for total gross proceeds to the
Company of US$1,750,000 in
December 2013, January 2014 and February
2014, as further described in the Company's news releases
dated December 16, 2013, January 15, 2014 and March
3, 2014.
Aura now holds a total of 119,730,254 common
shares of the Company, representing approximately 52% of the issued
and outstanding shares of the Company on an undiluted basis.
Cautionary Note
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.
SOURCE Ecuador Gold and Copper Corp.