/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
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VANCOUVER,
April 23, 2013 /CNW/ - Ecuador Gold
and Copper Corp. (TSXV: EGX) (the "Company") is pleased to
announce it has closed the private placement (the "Private
Placement") disclosed in its news release dated April 19, 2013, of 9,090,909 common shares (the
"Shares") of the Company at a price of US$0.11 per Share for gross proceeds of
US$1,000,000.
The Shares issued are subject to a four-month
hold period from the date of issuance.
The proceeds of the Private Placement will be
used for exploration and development of the Company's Condor Gold
Project and for general working capital purposes.
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.