Business
Amazon closes over-allotment option
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONT...
About this update from Verde Agritech Ltd
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n\n\nTHE UNITED STATES/\n\n\nTORONTO, Dec. 11 /CNW/ - Amazon Mining Holding Plc ("Amazon") (AMZ:TSX-V)\nis pleased to announce today that it has closed on the over-allotment option\n(the "Over-Allotment Option") granted to the syndicate led by Cormark\nSecurities Inc., and including Dundee Securities Corporation and GMP\nSecurities L.P., acting as agents (the "Agents"), pursuant to its initial\npublic offering which closed on November 21, 2007.\n\n\nAmazon has issued a total of 983,334 additional warrants (the "Additional\nWarrants") at a price of $0.12 per Additional Warrant for aggregate gross\nproceeds of $118,000.08. The Agents were paid a cash commission equal to 6% of\nthe additional gross proceeds raised pursuant to the exercise of the\nOver-Allotment Option. No additional compensation options were granted to the\nAgents.\n\n\nAmazon is listed on the TSX Venture exchange and is a mineral exploration\ncompany engaged in acquiring and developing gold exploration properties in\nBrazil. Its strategic focus is to acquire projects with demonstrated potential\nfor hosting gold deposits, and to define resources through exploration and\ndrilling campaigns. Amazon's activities are currently focused on the Tocantins\nGold Project, located in the state of Tocantins, in central Brazil, and on the\nMadeira Gold Project, located in the states of Rondonia and Amazonas, in\nnorth-western Brazil.\n\n\nOn behalf of the Board of Directors of Amazon Mining Holding Plc\n\n\nCristiano Veloso, President & Chief Executive Office\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release and the information contained herein.\n\n\nThis press release contains certain "forward looking statements", which\ninclude but is not limited to, statements with respect to the future financial\nor operating performance of the Company, its subsidiaries and its projects,\nstatements regarding use of proceeds, exploration prospects, identification of\nmineral reserves, costs of and capital for exploration projects, exploration\nexpenditures, timing of future exploration and permitting, requirements for\nadditional capital, government regulations of mining operations, environmental\n...