"The market is going to start to bifurcate and the bifurcation will be those companies that can raise enough money to continue to add value and those companies that can’t. You’re starting to see a plethora of financing of companies doing nickel deals and raising $300,000. The ability that that company has to employ the $300,000, to add value and exploration, is nil. These guys are raising money to pay for working capital deficits and salaries with no hope of generating any benefit to shareholders. So we need to wash this irrational activity out of the market."
http://ceo.ca/rick-rule-small-cap-power-feb-2013-interview/
February 22, 2013 09:00 ET
Amador Gold Corp.: Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2013) - Amador Gold Corp. (the "Company") (TSX VENTURE:AGX) is pleased to announce it has arranged for a private placement of up to 15,000,000 units for total proceeds of up to $250,000. The financing will consist of non-flow through units ("NFT Units") priced at $0.05, and flow through units ("FT Units") priced at $0.07 per unit.
Each NFT Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.10 per share. Each FT Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.12 per share.
In accordance with Exchange policies, finders' fees may be paid on a portion the funds raised. The private placement is subject to regulatory approval. Proceeds from the private placement will be used for exploration expenditures on the Company's Ontario mineral properties as well as for general working capital.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release
