Amador Gold Corp. (TSX-V:AGX) announces an amendment and the closing of a private placement previously announced December 8, 2008. The total number of units is increased from 16,750,000 to 20,800,000 for total proceeds of $1,248,000. Each unit will consist of either one flow through or one non-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 $0.10. The units will be priced at $0.06 per unit.
In accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised. The private placement is subject to regulatory approval.
Included in the private placement was the sale of 10,000,000 flow-through units to MineralFields Group.
In connection with the transaction, Limited Market Dealer Inc. was paid a total cash commission of $48,000.
About MineralFields
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Information about the MineralFields Group is available at www.mineralfields.com.
The proceeds of the private placement will be used for general working capital, exploration on the Company's Ontario properties, current property payments and new acquisitions.
About Amador Gold
Amador Gold is well positioned to discover and capitalize on world class gold, silver, platinum, palladium, copper/nickel and diamond deposits. During the last few years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. The Company's assets are entirely within Canada, with a strong focus in Ontario. Amador Gold's properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.
Contact Information
Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: www.amadorgoldcorp.com
AGORACOM Investor Relations: Email: AGX@agoracom.com
Website: http://www.agoracom.com/ir/Amador
