Amarillo Gold Corp.

Amarillo Gold Corp.

May 03, 2007 18:33 ET

Amarillo Gold Corp. Closes $7.5million Financing

TORONTO, ONTARIO--(CCNMatthews - May 3, 2007) - Amarillo Gold Corp. (TSX VENTURE:AGC) announces the closing of the private placement announced on April 27th 2007. The Company has issued a total of 6,000,000 shares for proceeds of $7,500,000. The shares will be subject to a hold period that will expire on the 28th of August 2007. The proceeds will be used to further the exploration and development of the company's Brazilian gold assets.

ON BEHALF OF THE BOARD OF DIRECTORS

AMARILLO GOLD CORP.

Per: Buddy Doyle, President



Vancouver Office: Toronto Office:
Suite 2833 595 Burrard St. Exchange Tower
PO BOX 49057 Suite 3680 PO Box 99
Vancouver BC Canada V7X 1C4 130 King Street West
Tel: 1-604-689-1799 Toronto, ON Canada M5X 1B1
Fax: 1-604-689-1899 Tel: 1-416-363-8147
Fax: 1-416-599-4959


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amarillo Gold Corp.
    Buddy Doyle
    President
    (604) 689-1799
    (604) 689-1899 (FAX)
    Website: www.amarillogold.com