Ecuador
AndeanGold Ltd. was incorporated in British Columbia, Canada in February 2006, completed a Private Placement Seed Offering of $1.0 million in August 2006, closed its IPO Offering for $6.9 million in December 2006, and commenced trading on the TSX Venture Exchange, under the trading symbol "EGR", on January 12, 2007.
AndeanGold is engaged in the acquisition, exploration and, if warranted, the potential development of precious minerals properties in Colombia, Peru and Ecuador. The focus of the Company's exploration activities is presently in Colombia and Peru. EcuaGold controls, through wholly owned subsidiaries, a 100 percent interest in 13 granted concessions, comprising eight distinct projects, in Ecuador, covering more than 34,000 hectares.
In connection with its TSX Venture Exchange listing, AndeanGold obtained NI 43-101 Reports for its two principal exploration properties, the Molleturo and the Curiplaya Projects. Based on these reports, both projects were classified as Tier I qualifying properties for purposes of the listing.