Amarillo Gold Corp. Arranges $450,000 Private Placement
Buddy Doyle, President of Amarillo Gold Corp. (the “Company”) announces that it has arranged, subject to regulatory approval, a non-brokered private placement of up to 1,500,000 units at a price of $0.30 per unit, for total proceeds to the Company of $450,000. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share of the Company for a one year period at a price of $0.50 per share. The proceeds of the private placement will be used for general working capital and to complete purchase of gold exploration properties in Brazil. Finder’s fees or commissions will be payable in accordance with the policies of the TSX Venture Exchange.