Estrella Gold closes $150,000 private placement

Dec 23, 2014

ESTRELLA GOLD CLOSES $150,000 FINANCING

Estrella Gold Corp. has closed the $150,000 financing as announced on Nov. 24, 2014, by way of a non-brokered private placement. The financing was announced for a total of $200,000 but is being closed at $150,000.

The management team, led by president and chief executive officer Jason Weber, PGeo, along with certain very supportive shareholders, have participated in the financing. Two thousand fourteen has been a year of cost reductions, and reducing properties held in Peru to key projects only. Two thuosand fifteen is planned to be a very active year with goals to option out two projects, acquire new projects in Peru, expand elsewhere in South America, and potentially merge with similar companies to create a larger prospect generator with many more projects in more jurisdictions and much more exploration activity.

The financing consists of three 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. The securities issued pursuant to the offering will be subject to a four-month regulatory hold period expiring four months from the date of closing.

With this private placement closed, Estrella has 46,650,304 common shares outstanding. 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