Amador Gold Corp. Update
#711-675 WEST HASTINGS STREET VANCOUVER, B.C. CANADA V6B 1N2 TELEPHONE: 604-685-2222 FAX: 604-685-3764 WWW.AMADORGOLDCORP.COM TSX-Venture:AGX
Amador Gold Corp. Update
April 18th 2013: Amador Gold Corp. (TSX-v symbol: AGX) (Amador) reports that it failed to file its interim Financial Statements (for the three months ended January 31st 2013) in a timely manner and was issued a cease trade order on April 11th 2013 by the British Columbia Securities Commission (BCSC). Amador has since filed the report and the cease trade order has been lifted by the BCSC.
Amador would like to announce the closing of the first tranche of the Non-Brokered Private Placement announced February 22nd 2013 and March 11th 2013. The Company issued 500,000 non-flo through shares at a price of $0.05 per unit for total proceeds of $25,000. Each unit consists of one common share and one share purchase warrant which entitles the holder to purchase one additional common share of the company at a price of $0.10 per share for a period of two years.
Amador also reports that it will not proceed with the acquisition of the Tionaga property announced on March 11th 2013. Consideration for the property consisted of $100,000 and 2,000,000 shares, payable over 36 months.
About Amador Gold Corp.
Amador holds a portfolio of mineral projects in mining-friendly Ontario, Canada.
CONTACT INFORMATION
Corporate Inquiries:
Mark Luchinski: (604) 685-2222 Email: [email protected]
On Behalf of the Board of Directors
Amador Gold Corp.
"Richard Hughes"
Richard Hughes President and Director
“Neither the 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.”
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.