By Sheri Kasprzak
New York, Nov. 30 - Amarillo Gold Corp. said it has completed its previously announced private placement for C$2.28 million.
The company issued 9.12 million units at C$0.25 each.
The units include one share and one half-share warrant. The whole warrants allow for an additional share at C$0.40 each for one year.
The deal was first announced Oct. 18 as a C$2,267,500 offering of 9.07 million units under the same terms.
Proceeds from the deal will be used for working capital and work on the Mara Rosa property.
Based in Toronto, Amarillo is a gold exploration company.
| Issuer: | Amarillo Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.28 million
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| Units: | 9.12 million
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| Price: | C$0.25
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.40
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| Announcement date: | Oct. 17
|
| Settlement date: | Nov. 30
|
| Stock price: | C$0.335 at close Oct. 17
|
| Stock price: | C$0.26 at close Nov. 30
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