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Amarillo to raise US$57.2M for Posse development

Amarillo Gold has entered into an agreement with Mackie Research Capital (MRCC) for a US$35.7 million underwritten private placement and a $21.5 million bought deal for total proceeds of $57.2 million.

Amarillo to raise US$57.2M for Posse development Amarillo to raise US$57.2M for Posse development Amarillo to raise US$57.2M for Posse development Amarillo to raise US$57.2M for Posse development Amarillo to raise US$57.2M for Posse development

Amarillo Gold to raise money for Posse development in Goais, Brazil

The company will use the proceeds to build the Posse gold mine at its Mara Rosa property in Goais, Brazil, and advance its Lavras do Sul exploration project.