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Amber Fund Limited Purchases 12,300,000 Common Shares of Atacama Minerals Corp.


MONTREAL -- Amber Fund Limited (the "Fund") announced today that it has acquired by private placement 12,300,000 common shares of Atacama Minerals Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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 VENTURE:AAM n. 1. A Dutch and German measure of liquids, varying in different cities, being at Amsterdam about 41 wine gallons, at Antwerp 36½, at Hamburg 38¼. ) ("Atacama"), a Vancouver based company which holds interests in the Aguas Blancas Aguas Blancas (Spanish: "white waters") may refer to:
  • Aguas Blancas, Salta, a town on Argentina's border with Bolivia, in Salta province
  • Aguas Blancas, Guerrero, in the southern Mexican state of Guerrero
 mineral project located in the Atacama desert Atacama Desert (ätäkä`mä), arid region, c.600 mi (970 km) long, N Chile, extending south from the border of Peru. The desert itself, c.  of Northern Chile. The 12,300,000 common shares were acquired by the Fund at a price of Cdn$1.00 per share for a total consideration paid to Atacama of Cdn$12,300,000.

The 12,300,000 common shares of Atacama acquired by the Fund in the private placement represents approximately 13.65% of the issued and outstanding common shares of Atacama. The Fund did not own any common shares of Atacama prior to such private placement.

The Fund has acquired the common shares of Atacama for investment purposes, and may acquire further common shares of Atacama or dispose of its holding of common shares of Atacama, both as investment conditions warrant. Atacama is listed on the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 under the symbol "AAM".

The Fund is located at 18 Esplanade, St. Helier, Jersey, JE4 8RT, Channel Islands.

ATACAMA MINERALS CORP. (TSX VENTURE:AAM)
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Publication:Business Wire
Date:Apr 28, 2005
Words:192
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