AMANTA CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND MCTO REVOKED
September 1, 2009
Closing of Private Placement
Amanta Resources Ltd. announces that it has closed the second tranche of a non-brokered private placement financing announced July 29, 2009.
This second tranche consists of 1,850,000 units (the “Units”) of the Company, at a price of $0.07 per unit, for gross proceeds of $129,500.00. Each Unit consists of one common share and one half of a non-transferable share purchase warrant. Each warrant entitles 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.
The Company has agreed to pay finders’ fees in connection with this financing. Finders’ fees relating to this second tranche totaled $6,090.00 in cash. All of the securities are subject to a hold period expiring December 29, 2009.
Net Proceeds will principally be used to further the Company’s copper prospects in Laos and for general working capital.
Revocation of MCTO
In connection with the Company’s filing of its Year End Financial Statements and MDA and subsequent approval by the BCSC, Amanta’s MCTO was revoked on August 26, 2009.
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 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.
For more information please contact Catherine Forrest
at 604-730-9505 or by email at info@amantaresources.com