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Pacific Opportunity Capital Ltd. announced the acquisition of 2,000,000 units of Estrella Gold Corporation (TSXV:EST) at a price of $0.05 per Unit. After the acquistion, Pacific Opportunity owns approximately 17.2% of the issued and outstanding common shares of Estrella Gold.
As quoted in the press release:
The 2,000,000 common shares and 2,000,000 share purchase warrants of the Company acquired by the Acquiror represent approximately 4.3% (basic) and 8.2% (partially diluted, assuming the exercise of the Acquiror’s warrants) of the issued and outstanding common shares of the Company. Following the acquisition, the Acquiror owns and controls 8,024,000 common shares, 4,560,000 share purchase warrants and 175,000 options of the Company, representing approximately 17.2% (basic) and 24.8% (partially diluted, assuming the exercise of the Acquiror’s warrants) of the issued and outstanding common shares of the Company.
Click here to read the Estrella Gold Corporation (TSXV:EST) press release
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