Amera Resources Corporation Announces $4 Million Private Placement
VANCOUVER, BRITISH COLUMBIA -- Amera Resources Corporation (TSX VENTURE: AMS)(OTCCBB: AJRSF)(FRANKFURT: OAY)(WKNA0B54E) is pleased to announce the engagement of Bolder Investment Partners, Ltd. and Canaccord Capital Corporation (collectively the “Agents”) to act as Agents in brokering a private placement financing of up to 11,500,000 units at a price of $0.35, for total proceeds of $4,025,000. Each unit will consist of one common share and one half common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of 2 years at $0.45 per share. Additionally, once the resale restrictions on the shares have expired, and upon Amera’s shares trading at or above a weighted average trading price of $0.75 for 20 consecutive trading days, the Company may give notice that the warrants will expire 30 days from the date of providing such notice.
The Agents will be paid a commission of 7.5% cash and 8% Agents’ Warrants. The Agents’ Warrants will be exercisable into one common share at a price of $0.45 per warrant, for a period of 2 years. The Agents’ Warrants will not be subject to early expiry.
This financing is subject to regulatory approval and a four-month hold period.
The proceeds from this financing will be used for general working capital and for further exploration and development of the Company’s property portfolio in Peru. Amera has advanced four key projects to the drill stage and has in place an aggressive exploration program to test them throughout 2007.
ON BEHALF OF THE BOARD
Mr. Nikolaos Cacos, President & CEO
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2007 Number 6
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