Amarillo Reports Warrant Exercise
July 27 2017 - 07:13PM
Amarillo Gold Corp. (TSX-V:AGC) (“Amarillo” or the “Company”)
announces that 2,779,500 warrants have been exercised at the price
of 25c bringing proceeds of $CND 694,875 to treasury.
About Amarillo:- Amarillo is developing a
feasibility stage open pit gold resource at its Mara Rosa Project
in Goias State, Brazil, and has an advanced exploration
project at Lavras do Sul in the South of Brazil. For more
detail please refer to our website through the following link,
www.amarillogold.com. Both projects are in excellent
infrastructure in mining friendly jurisdictions. The Mara
Rosa Project has received its preliminary License, a permit that
gives social and environmental permission to mine as long as
certain guidelines are met. The Company is currently focused
on completing all the necessary items to begin construction in
2018.
ON BEHALF OF THE BOARD OF DIRECTORS AMARILLO GOLD CORP.
Per: “Buddy Doyle” Buddy Doyle, President
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FORWARD LOOKING STATEMENTS:
This news release contains Forward Looking Statements regarding
our intentions and plans. Forward looking statements in this news
release include the numbers estimated for 2017 and the time line
for completion. Various factors may prevent or delay our plans,
including but not limited to, the ability to raise funds,
contractor availability and performance, weather, access, mineral
prices and success and failure of the exploration and development
carried out at various stages of the program. Permission from the
Government and community is also required to proceed with future
mining production. We may not be able to fulfill our obligations
under the proposed gold loan and we may be unable to raise
sufficient financing to carry out our plans. Readers should review
risk factors applicable to junior mining exploration companies
generally to understand the variety of risks that can affect the
Company. The Company undertakes no obligation to update publicly or
otherwise revise any forward-looking statements whether as a result
of new information or future events or otherwise, except as may be
required by law.
Contacts:
Buddy Doyle
+1-604-689-1799 (Canada)
+1-604-760-0325 (Cell)
+55-31-3261-5974 (Brazil)
Or Scott Eldridge
+1-604-722-5381
info@amarillogold.com
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