Amazon Mining Holding Plc
TSX VENTURE : AMZ

Amazon Mining Holding Plc

December 11, 2007 13:42 ET

Amazon Closes Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2007) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Attention Business Editors:

Amazon Mining Holding Plc ("Amazon") (TSX VENTURE:AMZ) is pleased to announce today that it has closed on the over-allotment option (the "Over-Allotment Option") granted to the syndicate led by Cormark Securities Inc., and including Dundee Securities Corporation and GMP Securities L.P., acting as agents (the "Agents"), pursuant to its initial public offering which closed on November 21, 2007.

Amazon has issued a total of 983,334 additional warrants (the "Additional Warrants") at a price of $0.12 per Additional Warrant for aggregate gross proceeds of $118,000.08. The Agents were paid a cash commission equal to 6% of the additional gross proceeds raised pursuant to the exercise of the Over-Allotment Option. No additional compensation options were granted to the Agents.

Amazon is listed on the TSX Venture exchange and is a mineral exploration company engaged in acquiring and developing gold exploration properties in Brazil. Its strategic focus is to acquire projects with demonstrated potential for hosting gold deposits, and to define resources through exploration and drilling campaigns. Amazon's activities are currently focused on the Tocantins Gold Project, located in the state of Tocantins, in central Brazil, and on the Madeira Gold Project, located in the states of Rondonia and Amazonas, in north-western Brazil.

On behalf of the Board of Directors of Amazon Mining Holding Plc

Cristiano Veloso, President & Chief Executive Office

This press release contains certain "forward looking statements", which include but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding use of proceeds, exploration prospects, identification of mineral reserves, costs of and capital for exploration projects, exploration expenditures, timing of future exploration and permitting, requirements for additional capital, government regulations of mining operations, environmental risks, reclamation expenses, title disputes or claims, and limitations of insurance coverage. Forward looking statements can generally be identified by the use of words such as "plans", "expects", or "does not expect" or "is expected", "anticipates" or "does not anticipate", or "believes", "intends", "forecasts", "budget", "scheduled", "estimates" or variations of such words or phrases or state that certain actions, event, or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved". Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by said statements. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in said statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

Contact Information

  • Amazon Mining Holding plc
    Cristiano Veloso
    President & Chief Executive Officer
    +44 (0) 20 8133 7607
    +44(0)20 7405 7773(FAX)
    cv@amazonplc.com

    or

    Amazon Mining Holding plc
    Nadine Williams
    Investor Relations
    (416) 866-2966
    (416) 867-9393(FAX)
    nw@amazonplc.com
    www.amazonplc.com