Warrant Amendment & Extension
Amador Gold Corp. (TSXV: AGX) is pleased to announce it has obtained
warrant holder approval to reprice and extend the
term of 447,367
warrants. The exercise price of the warrants is reduced from $2.00 to
$0.40 and the expiry date is extended from May 21, 2011 to May 21,
2013. Additionally an exchange mandated shotgun clause has been added
to the terms of the warrants. This clause will force the expiry of the
warrants in 30 days if the Company's shares trade at or above $0.51 for
ten consecutive days.
About Amador Gold Corp
Amador holds a portfolio of mineral projects in mining-friendly
Ontario, led by its flagship Loveland Gold Project near Timmins, where
exploration and drilling programs currently underway are focused on
gold and nickel-copper deposits. The Kell property
has similar
silver-cobalt-mineralization as the nearby historic Gowganda
region,
where approximately 60 million ounces of silver were mined in the early
1900s. Other Ontario projects with exploration potential include the
Horwood, Maskooch, and Dale
Gold, gold properties, and the Fripp nickel
property.
Contact Information
Corporate Inquiries: Alan Campbell and Kevin Hull
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: www.amadorgoldcorp.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's
expectations and projections.