April 12, 2018
On April 12, 2018, Amarillo Gold Corporation (TSXV: AGC) announced that it had successfully closed the second and final tranche of its previously-announced non-brokered private placement of units. Due to investor demand and over subscriptions Amarillo issued a total of 18,427,780 units for gross proceeds of $5,159,778 in connection with the first and second tranches of the private placement.
Amarillo is developing an open pit gold resource at its Mara Rosa Project and has an advanced exploration project at Lavras do Sul, both in Brazil.
Miller Thomson advised Amarillo with respect to this private placement with a team comprised of Geoff Clarke, Jonathan Tong and Victoria de Luna.