Amador arranges $750,000 private placement
Amador Gold Corp (C:AGX)
Shares Issued 125,428,388
Last Close 5/14/2008 $0.28
Wednesday May 14 2008 - News Release
Mr. Richard Hughes reports
AMADOR GOLD CORP.
Amador Gold Corp. has arranged a private placement for up to three million units. The financing will consist of non-flow-through units priced at 25 cents per non-flow-through unit. Each of the units will consist of 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 30 cents per share. Once resale restrictions on the shares have expired and upon the company's shares trading at or above a weighted average trading price of $1.00 for 30 consecutive trading days, the company may give notice that the warrants will expire 30 days from the date of providing such notice in writing to warrantholders and via a news release in Stockwatch. 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 general working capital, exploration on the company's Ontario properties, current property payments and new acquisitions.
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