Daura Capital Corp.: TSXV Approval Paves Way for Estrella Acquisition

Daura Capital Corp. (TSXV: DUR.P) has received conditional acceptance from the TSX Venture Exchange (TSXV) for its proposed acquisition of Estrella Gold S.A.C. (Estrella), marking a significant milestone in Daura's Qualifying Transaction (QT). The approval paves the way for Daura to acquire Estrella, a Peruvian mining company with a promising exploration-stage project portfolio, and significantly enhance its growth prospects.

Estrella's Cochabamba Project, located in north-central Peru, is prospective for gold, silver, copper, lead, and zinc. The project's exploration-stage status presents an attractive opportunity for Daura to invest in its development and potentially unlock substantial value for shareholders. Estrella's financial performance, with net income of S/ 67,349 in 2023 and S/ 81,002 in 2022, suggests that the acquisition could enhance Daura's profitability.

The acquisition aligns with Daura's investment strategy of acquiring undervalued assets with significant growth potential. By diversifying its portfolio and tapping into the growing demand for metals, Daura can potentially generate substantial returns as the project advances. Additionally, the acquisition increases Daura's exposure to the mining sector, which has shown resilience and growth potential despite market fluctuations.

To fund the acquisition and exploration activities, Daura has increased the minimum amount of its concurrent financing to between $1.25M and $1.5M. The additional funds will be allocated to exploration, expenses related to the QT, and general working capital purposes. This increased financial flexibility enables Daura to accelerate exploration activities, attract and retain key personnel, and build relationships with strategic partners.



The acquisition of Estrella by Daura Capital Corp. is expected to have a positive impact on Daura's revenue growth and profitability in the short and long term. The project's potential mineral reserves and Daura's increased funding from the concurrent financing will likely drive revenue growth. Additionally, Estrella's financial performance suggests that the acquisition could enhance Daura's profitability.

In conclusion, Daura Capital Corp.'s acquisition of Estrella Gold S.A.C. presents an attractive opportunity to diversify its portfolio and tap into the growing demand for metals. With the TSXV's conditional acceptance, Daura is well-positioned to complete the acquisition and unlock the significant value potential of Estrella's project portfolio. The increased concurrent financing will enable Daura to accelerate exploration activities and enhance its growth prospects.