EPZ Esperanza Resources Corp.

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED
STATES OF AMERICA


Esperanza Resources Corp. (TSX VENTURE:EPZ) has amended its private placement of
units announced December 6, 2010. The offering will now consist of up to
2,927,000 units at a price of $2.05 (formerly $2.15) per unit for gross proceeds
of up to approximately $6 million, and the units will now consist of one common
share and one non-transferable share purchase warrant (previously one-half of
one non-transferable warrant). Each share purchase warrant will now entitle the
holder to purchase one common share at a price of $2.75 (formerly $3.00) for a
period of 24 months.


The private placement is being conducted on a best efforts agency basis by a
syndicate led by Salman Partners Inc. and including Mackie Research Capital
Corporation and Haywood Securities Inc. The agents have been granted an
over-allotment option to place up to a further $2.5 million in units which, if
exercised, would result in total proceeds of approximately $8.5 million. 


Esperanza will pay the agents a fee of 5% of the proceeds plus issue brokers'
warrants entitling the agents to purchase that number of shares equal to 5% of
the number of units sold, including any units sold under the over-allotment
option. The broker warrants will now be exercisable at a price of $2.75
(formerly $3.00) per share for a period of 24 months.


The private placement is subject to stock exchange approval and is expected to
close on or about December 22, 2010. 


About Esperanza

Esperanza is focused on advancing the development of its two principal
properties: the San Luis gold and silver joint venture in Peru and the
wholly-owned Cerro Jumil gold project in Morelos State, Mexico. It is also
actively investigating 11 other exploration interests in Peru and Mexico. In
October of 2010 it announced a strategic investment which resulted in a 36.7%
interest in Global Minerals Ltd. (TSX-V: CTG), owner of the Strieborna
silver/copper/antimony project in Roznava, Slovakia.


SAFE HARBOUR: Some statements in this release are forward-looking in nature. The
United States Private Securities Litigation Reform Act of 1995 provides a "safe
harbour" for certain forward-looking statements. Such statements include
statements as to the potential of the Cerro Jumil property, the ability to
finance further exploration, permit drilling and other exploration work, and the
availability of drill rigs. 


The forward-looking statements involve risks and uncertainties and other factors
that could cause actual results to differ materially, including those relating
to exploration and bringing properties into production. Please refer to a
discussion of some of these and other risk factors in Esperanza's Form 20-F
filed with the U.S. Securities and Exchange Commission. The forward-looking
statements contained in this document constitute managements' current estimates
as of the date of this release with respect to the matters covered herein.
Esperanza expects that these forward-looking statements will change as new
information is received and that actual results will vary, possibly in material
ways. Forward-looking statements are based on the beliefs, expectations and
opinions of management on the date the statements are made, and the company does
not assume any obligation to update forward-looking statements if circumstances
or management's beliefs, expectations or opinions should change. For these
reasons, investors should not place undue reliance on forward-looking
statements.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.

Esperanza Resources Corp. (TSXV:EPZ)
Historical Stock Chart
From Jun 2024 to Jul 2024

Esperanza Resources Corp. (TSXV:EPZ)
Historical Stock Chart
From Jul 2023 to Jul 2024