Mr. Cristiano Veloso reports
AMAZON MINING CLOSES CDN$10 MILLION PRIVATE PLACEMENT FINANCING
Amazon Mining Holding PLC has completed its previouslyproposed private placement financing with a syndicate of underwritersco-led by GMP Securities LP and Wellington West Capital Markets Inc.,and which includes Salman Partners Inc. Pursuant to the privateplacement, the underwriters purchased 960,000 ordinary shares of thecompany at a price of $4.17 per share, resulting in gross proceeds tothe company of approximately $4,003,200 (the underwritten offering). Inaddition to the underwritten offering, the underwriters completed abest-efforts private placement of 1,438,100 shares out of the 1.44million shares available pursuant to the exercise of the underwriters'option. Over all, pursuant to the underwritten offering and the option,2,398,100 shares were sold for gross proceeds to the company of$10,000,077.
Amazon paid to the underwriters a commission of$600,004.62, being 6 per cent of the gross proceeds of the privateplacement, and has issued 143,886 brokers' warrants to the underwriters,entitling the underwriters to acquire 143,886 shares of the company,being 6 per cent of the number of shares issued pursuant to the privateplacement. The broker warrants are exercisable until Jan. 11, 2013, atan exercise price of $4.17 per share.
The net proceeds of theoffering will be applied to the general working capital of the companyand the development of its Cerrado Verde potash project.
Allsecurities issued in connection with the offering will be subject to astatutory hold expiring on May 12, 2011, in accordance with applicablesecurities legislation.
We seek Safe Harbor.