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EMAIL SIGNUP



AMANTA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
February 12, 2010

Vancouver, B.C. Canada – Amanta Resources Ltd. announces that it has increased the number of units being offered pursuant to the second tranche of its previously announced private placement.  The second tranche of the private placement now consists of up to 7,140,000 units at a price of $0.07 per unit for gross proceeds of up to $500,000. The private placement and any associated finder’s fee are subject to TSX Venture Exchange acceptance.

Each unit consists of one common share and one half of a non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.12 per share for a period of 12 months from closing and for a further 12 months at $0.15.

Net proceeds from the private placement will principally be used to further the Company’s exploration activities in Laos and for general working capital purposes.

Amanta Resources Ltd. is focused on mineral exploration and development in Laos, where it is currently developing the Luang Namtha copper project under a Joint Exploration Agreement (JEA) with Japan Oil, Gas and Metal National Corporation (JOGMEC). Amanta also holds gold and tungsten interests in Thailand.

 

on behalf of the board of

AMANTA RESOURCES LTD.

“Gerald D. Wright”

Gerald D. Wright,
President and Chief Executive Officer

Neither 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.

 

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