AMANTA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
May 7, 2009
Amanta Resources Ltd. (TSX Venture Exchange: AMH) proposes to complete a private placement of up to 10,000,000 units at a price of $0.07 per unit for gross proceeds of up to $700,000. Each unit will consist of one common share plus one half of one common share purchase warrant.
Each whole share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.12 for a period of 12 months from closing, or at a price of $0.15 for a period of a further 12 months thereafter. A finder’s fee may be paid on all or a portion of the placement.
Net proceeds from the private placement will principally be used for expenses associated with the ongoing development of the company’s Luang Namtha copper 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 Laos and Thailand. The Company is currently developing the Luang Namtha copper project in the Lao PDR, under a Joint Development Agreement with Japan Oil, Gas and Metal National Corporation (JOGMEC). Amanta is also developing gold and tungsten projects in Thailand.
ON BEHALF OF THE BOARD OF
AMANTA RESOURCES LTD.
“Gerald D. Wright”
Gerald D. Wright,
President
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.