CEO and CFO buying at Amarillo Gold (AGC)

CEO and CFO buying at Amarillo Gold (C:AGC)

Mike Mutchler, CEO and Director, acquired 2,142,858 Common Shares on a direct ownership basis at a price of $0.280 through a private transaction on March 29th, 2018. The insider also acquired 2,142,858 Warrants with an exercise price of $0.380 for 24 months. This represents a $600,000 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms, Stephen William Canning Stow, a Director, acquired 100,000 Common Shares and 50,000 Warrants on an indirect ownership basis for registered holder Stephen Stow (1995) Family Trust. This represents a $28,000 investment into the company's shares and an account share holdings change of 32.2%. Hemdat Sawh, CFO, acquired 89,286 Common Shares and 89,286 Warrants on a direct ownership basis. This represents a $25,000 investment into the company's shares and an account share holdings change of greater than 100%.

Amarillo Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Amarillo Gold Corporation is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties, principally in Brazil. The Company operates through mineral exploration segment. The Company's projects include the Mara Rosa project in Goias state and the Lavras do Sul project in the state of Rio Grande do Sul. The Company is also involved in other early-stage development projects in Brazil. The Mara Rosa project is located over 330 kilometers northwest of Brasilia and is an orogenic-type gold mineralized system situated within a NeoProterozoic greenstone belt shear zone. Located approximately 320 kilometers southwest of the state capital Porto Alegre, Lavras do Sul project covers a total of approximately 210 square kilometers. The Lavras project encompasses a Neo-Proterozoic granitic intrusion that hosts gold production. The Company is in the process of exploring its resource properties and has not generated any revenue from its operations. Amarillo Gold Corporation (AGC) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to recent regulatory filings, three insiders have invested a total amount of $653,000.