August 15, 2019
On June 14, 2019, Amarillo Gold Corporation (“AGC”) (TSXV: AGC) announced that the company has successfully closed the second and final tranche of a non-brokered private placement. AGC issued a total of 26,382,950 units (common shares and warrants) for gross proceeds of $5,276,590 in connection with the private placement.
AGC intends to use the net proceeds from the private placement to advance the company’s mineral exploration and development projects in Brazil, and for general corporate purposes.
Geoff Clarke (Corporate/M&A), Jonathan Tong (Capital Markets & Securities) and Victoria de Luna (Corporate/M&A) of Miller Thomson advised Amarillo Gold with respect to this transaction.