Amarillo Gold Corporation. AGCBF

complete arrangement and launch TSX: AGC

[Betteryear2]

TORONTO, April 01, 2022 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSX: AGC) (“Amarillo”) and Lavras Gold Corp. (“Lavras Gold” or the “Company”) have completed the plan of arrangement (the “Arrangement”) transaction involving the acquisition of Amarillo by a subsidiary of Hochschild Mining PLC (“Hochschild”) and spinout of Lavras Gold. Pursuant to the Arrangement, each share of Amarillo has been exchanged for cash consideration of C$0.40 and one common share (each, a “Lavras Gold Share”) of Lavras Gold, a new Brazil-focused exploration company, based in Toronto, Ontario.

Amarillo Gold Corporation and Lavras Gold Corp. complete arrangement and launch