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Head Office:
EcuaGold Resources Ltd.
1400 - 355 Burrard Street
Vancouver, BC, V6G 2G8
Canada
Contact (in the US):
Anthony F. Ciali
President & CEO
Tel: (609) 844-7746
Contact (Investor Relations)
Anthony Srdanovic
Tel: (604) 684-4743 ext 242
Toll Free: (866) 684-4743
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EcuaGold Resources Ltd. was incorporated in British Columbia, Canada in February 2006, completed a Private Placement Seed Offering of $1.0 million in August 2006, closed its IPO Offering for $6.9 million in December 2006, and commenced trading on the TSX Venture Exchange, under the trading symbol "EGR", on January 12, 2007.
EcuaGold is engaged in the acquisition, exploration and, if warranted, development of primarily precious metals properties in Ecuador. The company presently has an interest in 11 concessions and an option to acquire two additional concessions, comprising nine distinct exploration projects and covering a total of 34,298.84 hectares (approximately 82,317 acres), situated primarily in southern Ecuador. In addition, EcuaGold has applications pending with the Ministry of Energy and Mines in Ecuador for the acquisition of an additional 21 concessions, associated with three existing projects and two new projects, amounting to approximately 64,793.09 hectares (approximately 155,503 acres). In total, the concessions granted to, or applied for by, the company amount to 99,091.93 hectares (approximately 237,820 acres).
In connection with its TSX Venture Exchange listing, EcuaGold obtained NI 43-101 Reports for its two principal exploration properties, the Molleturo and the Curiplaya Projects. Based on these reports, both projects were classified as Tier I qualifying properties for purposes of the listing.
In 2007, EcuaGold plans to utilize the net proceeds from the IPO principally to carryout the exploration programs detailed in the NI 43-101 Reports for the Molleturo and Curiplaya Projects, for general exploration programs on the company's other exploration projects, and for general and administrative expenses.
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