Estrella Gold arranges $200,000 financing
ESTRELLA GOLD ANNOUNCES $200,000 FINANCING
Estrella Gold Corp. has arranged to raise $200,000 by way of a non-brokered private placement.
Certain strategic investors, along with the management team, will participate in the financing. The continued support of the current shareholder group is a significant benefit to Estrella in working to achieve its goals.
The financing will consist of four million units at a price of five cents per unit. Each unit comprises 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 at a price of 10 cents per common share starting from the date of closing.
Estrella currently has 43,650,304 common shares outstanding which will increase to 47,650,304 common shares upon completion of this financing. The core strategic shareholder group continues to hold a significant amount of the shares of Estrella, including insiders and certain individual investors.
http://www.estrellagold.com/s/NewsReleases.asp
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