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| Wednesday, April 30, 2008 Amera Closes First Tranche of Brokered Private Placement
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Amera Resources Corporation (AMS-TSX.V; AJRSF-OTC; OAY-Frankfurt) is pleased to announce that it has closed the first tranche of the brokered private placement announced on April 16, 2008 consisting of 3,320,000 units ("Units") at a price of $0.14 per Unit for gross proceeds of $464,800. Each Unit consists of one common share ("Common Share") and one-half of one non-transferable share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Common Share in the capital of the Company exercisable on or before April 30, 2010 at a price of $0.18 per share.
Canaccord Capital Corporation ("Canaccord") acted as agent to the Company in respect of such private placement and received a cash commission of $37,184 and an Agent's Warrant entitling the purchase of up to 265,600 Common Shares in the capital of the Company at a price of $0.18 per share on or before April 30, 2010.
The securities are subject to a hold period expiring on August 31, 2008.
The proceeds from this financing will be used for general working capital and for further exploration and development of the Company's property portfolio in Peru.
Amera Resources Corporation is a metals exploration company focused on the Americas. Its strength lies in the discovery and advancement of prospective properties throughout North and South America. The Company is in the midst of an aggressive exploration program focused on its property portfolio in Peru. Management is constantly evaluating new opportunities through its extensive network of contacts in the resource sector. The Amera team is committed to growth and adding shareholder value through precious and base metal discoveries.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
Mr. Nikolaos Cacos, President & CEO
For further information please contact Alex Mason, Corporate Communications, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@ameraresources.com, or visit the Company's web site at http://www.ameraresources.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 2008 Number 8
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