| December 18, 2009 AMADOR GOLD CORP. ANNOUNCES PRIVATE PLACEMENT | |
| VANCOUVER, BC - Amador Gold Corp. (TSX-V: AGX) (the "Company") is pleased to announce it has arranged for a private placement of up to 20,000,000 units for total proceeds of up to $1,600,000. The financing will consist of flow through or non-flow through units priced at $0.08. Each of the flow-through units will consist of one flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.10 per share. Each of the non flow-through 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 five years at a price of $0.10 per share in years one and two, $0.15 per share in year three and $0.20 per share in years four and five. In accordance with Exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval. Proceeds from the private placement will be used for exploration expenditures on the Company's Ontario mineral properties as well as for general working capital. About Amador Gold Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. These projects include the Loveland gold-copper-nickel project program and the Horwood gold project. Contact Information Corporate Inquiries: Kevin Hull or Alan Campbell, 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 The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. | |
You can view the Next News Releases item: Mon Jan 4, 2010, AMADOR GOLD CORP. INCREASES PRIVATE PLACEMENT You can view the Previous News Releases item: Tue Dec 15, 2009, AMADOR GOLD CORP. ACQUIRES EXTENSIVE GOLD PROPERTY IN WEST TIMMINS CAMP ALONG DESTOR-PORCUPINE FAULT ZONE You can return to the main News Releases page, or press the Back button on your browser. |
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