Estrella Gold increases private placement to $600,000

May 14, 2014

Estrella Gold Corp.’s non-brokered private placement offering announced on April 29, 2014, and May 7, 2014, has been oversubscribed. Estrella has increased the offering from $500,000 to $600,000, or 12 million units, and the offering is fully subscribed.

Certain strategic shareholders decided to increase their positions significantly and this has oversubscribed the financing. All of these shareholders have been long-term investors in Estrella and supporters of the prospect generator model which Estrella follows.

Estrella will use the proceeds on several strategic fronts which include:

Continuing joint venture negotiations on current projects;
New project generation;
Adding value to current projects;
For working capital and general corporate purposes.

Each unit comprises one common share and one non-transferrable warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 10 cents per share for three years following the date of the closing. The money from the offering is in and the offering will close upon receiving the TSX Venture Exchange final acceptance.

The securities issued pursuant to the offering will all be subject to a four-month regulatory hold period commencing from the date of closing.

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