VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/22/13 — Amador Gold Corp. (the „Company“) (TSX VENTURE: AGX) is pleased to announce it has arranged for a private placement of up to 15,000,000 units for total proceeds of up to $250,000. The financing will consist of non-flow through units („NFT Units“) priced at $0.05, and flow through units („FT Units“) priced at $0.07 per unit.
Each NFT Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.10 per share. Each FT Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.12 per share.
In accordance with Exchange policies, finders- fees may be paid on a portion the funds raised. The private placement is subject to regulatory approval. Proceeds from the private placement will be used for exploration expenditures on the Company-s Ontario mineral properties as well as for general working capital.
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: Amador Gold Corp. Richard Hughes President (604) 685-2222 or 1-800-615-5222 (604) 685-3764 (FAX)
Only registered users can comment.
