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About Gold American Mining Corp. (OTCBB: SILA)
Gold American Mining Corp. is a publicly traded (NASDAQ OTC BB: SILA) gold exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich precious metals production potential.
Based in Reno, Nevada, Gold American has already developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
July 27 - Gold American Mining Corp. -- Funding Update
Gold American Mining Corp. (OTC.BB:SILA - News) ("Gold American" and/or "the Company") is pleased to provide an update on the financing activities of the Company.
As announced in May 11, 2010, the Company entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. We are pleased to announce that up to date we have received funds in the amount of $300,000 in virtue of this agreement and that we still have a balance of $7.2 million that we could call upon to fund our exploration and acquisition strategy. During 2010, we have received total equity subscription proceeds of $500,000.
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