Amador Gold extends $300,000 placement
2009-05-27 18:52 ET - News Release
Mr. Kevin Hull reports
PRIVATE PLACEMENT EXTENSION
Amador Gold Corp. is continuing with a private placement previously announced in Stockwatch on March 2, 2009, and amended April 16, 2009, for up to five million units. The financing consists of units priced at six cents. Each of the units consists of one flow-through common share and one non-flow-through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of six cents per share in the first year and 10 cents per share in the second year.
In accordance with exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval.
The proceeds of the private placement will be used for exploration on the company's Ontario properties.
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