Estrella Gold Closes $150,000 Financing

Estrella Gold (TSXV:EST) announced it has closed a private placement of 3 million units – at a price of $0.05 per unit – totaling $150,000. The company had previously sought to raise $200,000 from the placement.

According to the press release:

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 CEO, Mr. Jason Weber, P. Geo, along with certain very supportive shareholders, have participated in the financing. 2014 has been a year of cost reductions and reducing properties held in Peru to key projects only. 2015 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.

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