Pacific Opportunity Capital Ltd.

February 07, 2014 20:08 ET

Pacific Opportunity Acquires Significant Position in Estrella Gold Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2014) - Pacific Opportunity Capital Ltd. (the "Acquiror") wishes to announce that between January 1, 2014 and February 7, 2014, the Acquiror acquired ownership and control a total of 460,000 common shares of Estrella Gold Corporation (the "Company") in the public market with prices range from $0.03 to $0.05 per share.

The 460,000 common shares of the Company acquired by the Acquiror represent approximately 1.5% (basic and diluted) of the issued and outstanding common shares of the Company. Following the acquisition, the Acquiror, along with Mr. Mark T. Brown, the president of the Acquiror, owns and controls 3,102,000 common shares, 150,000 warrants and 300,000 options of the Company, representing approximately 9.8% (basic) and 11.1% (partially diluted) of the issued and outstanding common shares of the Company.

The Acquiror acquired the common shares for investment purposes. The Acquiror has no present intention to acquire ownership of, or control over, additional securities of the Company, but may choose to acquire additional securities of the Company in the future for investment purposes.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by the Acquiror in connection with the acquisition of the Common Shares is available on the Company's SEDAR profile, and it can also be obtained directly from the Acquiror by contacting the Company at the number shown above.

Pacific Opportunity Capital Ltd.

Mark T. Brown, President

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.

Contact Information

  • Pacific Opportunity Capital Ltd.
    (604) 687-3520