Amador Gold Amends Private Placement
22 Dezembro 2010 - 1:20PM
Marketwired
Amador Gold Corp. (TSX VENTURE: AGX) (the "Company") announces that
subsequent to its news release of December 9, 2010 and subject to
regulatory approval, it has amended the price of its brokered
private placement of flow through shares from $0.20 to $0.25 per
unit. Each $0.25 unit will consist of one flow through common share
and one-half of one non-flow through, non-transferable share
purchase warrant. Each full warrant will entitle the holder to
purchase one additional common share of the Company at a price of
$0.30 for a period of two years from closing the private placement.
The private placement consists of up to 4,000,000 units. The
private placement and any modifications to it are subject to
compliance with applicable securities laws and to receipt of
regulatory approval. The Company may pay finders' fees in
accordance with the policies of the TSX Venture Exchange. A portion
of this financing may be non-brokered with third party investors or
brokers.
Proceeds of the financing will be used to undertake drill
programs planned for the Company's highly prospective Dale Gold,
Sewell, Horwood, Loveland and Silverclaim properties located in the
Timmins, Ontario mining area. The Company will be announcing
specific plans for each project shortly.
M Partners Inc. has been retained as lead agent in connection
with the Offering and as financial advisor to explore strategic
alternatives for the Company. M Partners are located in Toronto and
Vancouver with over 25 professionals serving the needs of their
institutional and retail clients.
About Amador Gold Corp
Amador holds a portfolio of mineral projects in mining-friendly
Ontario, led by its flagship Loveland Gold Project near Timmins,
where exploration and drilling programs currently underway are
focused on gold and nickel-copper deposits. The Kell property has
similar silver-cobalt-mineralization as the nearby historic
Gowganda region, where approximately 60 million ounces of silver
were mined in the early 1900s. Other Ontario projects with
exploration potential include the Horwood, Maskooch, and Dale Gold,
gold properties, and the Fripp nickel property.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Corporate Inquiries: Amador Gold Corp Alan Campbell
(604) 685-2222 info@amadorgold.com www.amadorgoldcorp.com
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