Daura Capital Corp. (TSXV:DUR.P) entered into a letter of intent to acquire Estrella Gold S.A.C. for CAD0.31 million on May 1, 2024.Daura will issue a total of 7 million common shares to acquire Estrella. Pursuant to the terms of the LOI, Daura anticipates completing a financing of subscription receipts for minimum proceeds of CAD 1 million maximum proceeds of CAD 1.5 million.

As on May 14, 2024, Daura Capital announce a non-brokered private placement to be completed concurrent with the Company?s previously announced proposed Qualifying Transaction, being the acquisition of Estrella Gold. The Company may retain a broker or pay finder?s fees to certain registrants or eligible persons exempt from registration on any portion of the Daura Financing. Upon completion of the Qualifying Transaction, it is currently anticipated that Daura?s existing directors and officers will remain with the Resulting Issuer, and Dr. Ernesto Lima Osorio, the majority shareholder of Estrella is expected to join the board of directors of the Resulting Issuer.

The transaction is subject to any Exchange, regulatory, or other approvals that may be required, the completion of satisfactory due diligence by Daura and Estrella, the completion of the Daura Financing and the satisfaction of other conditions contained the Letter of intent.