The Board of Amarillo Gold Corporation (TSXV:AGC) agreed to spin off Lavras do Sul Gold Project on November 29, 2021. As part of the consideration, Amarillo shareholders will receive one share of Lavras for every Amarillo share. Post completion, Lavras do Sul Gold Project will be renamed as Lavras Gold Corp.

As per update on March 30, 2022, spin off is expected to complete on April 1, 2022.