AMANTA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
April 18, 2007
Amanta Resources Ltd. (TSX Venture Exchange: AMH) is pleased to announce a private placement of up to 6,250,000 units at a price of $0.32 per unit for gross proceeds of up to $2,000,000. Each unit will consist of one common share plus one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.45 for a period of 18 months from closing. A finder’s fee may be paid on all or a portion of the placement.
Net proceeds from the private placement will be used to conduct an initial drill program at the Company’s Mae Lama Tungsten property, to accelerate the drill program currently underway on the Company’s Langu Gold Project and for general working capital. The private placement and finder’s fee are subject to TSX Venture Exchange acceptance.
Amanta Resources Ltd. is focused on mineral exploration, development and production in Thailand and the Southeast Asian region. The Company concentrates on the systematic evaluation of known mineral occurrences, rather than "greenfields" exploration, creating early opportunities to finance and develop mines.
ON BEHALF OF THE BOARD OF
AMANTA RESOURCES LTD.
“Patrick Cauley”
Patrick Cauley, VP, Chief Financial Officer
This press release is not an offer of securities for sale in the United States. The offer of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended. Securities may not be offered or sold in the United States absent registration or an exemption from registration.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.