Junior financing, M&A roundup: Ecuador Gold, Bacanora, Chinalco

Toronto's Ecuador Gold & Copper announced that Aura International Services has completed the exercise of 1mn share purchase warrants and acquired 1mn common shares for a total of US$75,000.

According to a release, Aura now holds a total of 129mn common shares, representing approximately 52.6% of the issued and outstanding shares of the company on an undiluted basis.

The company is focused in developing its Condor gold project in Ecuador's Zamora-Chinchipe province.

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Calgary-based Bacanora Minerals said it expects to file the necessary documents to list its shares on the London Stock Exchange's AIM exchange on July 22. The target date for admission at the exchange is July 25, according to a company statement.

Bacanora's primary focus is on borates and lithium projects in Mexico.

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Australia's Chinalco Yunnan Copper Resources has secured a sale agreement for the disposal of its remaining stake in Chile's Humitos project, a company statement said.

The stake was split into two: one package is to be sold for some US$45,000 to SolarReserve, and the other to Minera Inmet Chile for US$50,000.

Both transactions are expected to close within the next few weeks. The funds from these deals will allow the company to close its Chilean interests without drawing from any existing funds it has in Australia.