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Last C$0.07 CAD
Change Today 0.00 / 0.00%
Volume 155.0K
AGC On Other Exchanges
As of 3:50 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

amarillo gold corp (AGC) Snapshot

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07/7/14 - C$0.15
52 Week Low
03/31/15 - C$0.04
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amarillo gold corp (AGC) Details

Amarillo Gold Corporation, a development stage company, engages in acquisition and exploration of gold properties primarily in Brazil. The company’s principal properties include the Mara Rosa gold project, which consists of 42 exploration permits covering a total area of 74,089 hectares and 3 mining concessions that cover an area of 2,552 hectares located near the town of Mara Rosa in Goias State in central Brazil; and the Santo Antonio gold property covering an area of 25,460 hectares in the state of Goias; and Ourolandia project covering an area of 40,372 hectares. It also holds interest in the Lavras do Sul project, which covers an area of 220 square kilometers located in the state of Rio Grande do Sul. Amarillo Gold Corporation is based in Vancouver, Canada.

amarillo gold corp (AGC) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: --
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Vice President of Business Development and Di...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

amarillo gold corp (AGC) Key Developments

Amarillo Gold Corp. Auditor Raises 'Going Concern' Doubt

Amarillo Gold Corp. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Amarillo Gold Corp. Announces Management Changes

Amarillo Gold Corp. announced Mr. Scott Eldridge has just joined the company as Chief Financial Officer and Corporate Secretary. Mr. Eldridge is well seasoned in the financial industry focused on the resource sector, he is a co-founder of Euroscandic International Group Inc. Mr. Eldridge also currently serves as President & CEO of Euroscandic. The company thanked Mr. Waldemar Opalka, its previous CFO for his tireless and constructive efforts in this role, he is moving on to focus more on his telecommunications business in Poland.

Amarillo Gold Announces Gold-Linked Credit Facility

Amarillo Gold Corp. announced that it has entered into a gold-linked credit facility. The purpose of the Facility is to both finance the Company and to consolidate many of the company's current obligations into a single structure with a repayment scheme that is consistent with its continuing development plans on its Mara Rosa project and financing conditions in the junior gold equity markets. The creditors of the facility are shareholders of the company. Under the Facility, the company can borrow up to the value of 5,000 ounces of gold. Two components of the facility are defined: An initial tranche of up to 2,500 ounces of gold with a reference price of $1,285.25/oz (the LBMA PM fix on July 31, 2014) and subsequent tranches, to be filled quarterly, with reference prices based on the LBMA PM fix seven business days prior to the start of the quarter. The subsequent quarterly tranches are to be limited to the value of 270 ounces as calculated from this reference gold price.


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