/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 3, 2014 /CNW/ - Pursuant to
private placements of Ecuador Gold
& Copper Corp. (TSX-V: EGX) (the "Company"), which
closed on August 23, 2013 and
September 23, 2013, the Company
issued to Aura International Services Ltd. ("Aura") an
aggregate of 26,603,157 common shares and 26,603,157 share purchase
warrants (each a "Warrant") to purchase an additional
26,603,157 common shares of the Company at a price of US$0.075 per common share.
The Company announces 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 16,666,666 warrants for
total gross proceeds to the Company of US$1,250,000 in December
2013 and January 2014, as
further described in the Company's news releases dated December 16, 2013 and January 15, 2014.
Aura now holds a total of 113,063,588 common
shares of the Company, representing approximately 50.9% 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.