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Amarillo Gold closes equity offerings for proceeds of C$57.2M

Date Closed

August 13, 2020

Lead Office

Toronto

Value

57.20 Million CAD

On August 13, 2020, Amarillo Gold Corp. closed a bought deal prospectus offering and underwritten private placement of 190,666,000 common shares, for total proceeds of C$57.2 million. Amarillo will use the net proceeds to build its Posse Gold Mine and advance the Lavras do Sul exploration project, both in Brazil, as well as for general working capital purposes. Mackie Research Capital Corporation and Sprott Capital Partners LP acted as underwriters.

Amarillo Gold is a gold mining corporation focused on developing two projects in Brazil.

McCarthy Tétrault advised the underwriters with a team led by Gary Litwack that included Frederico Marques, Michael Shahinian, and Nigel Johnston.

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