|April 20, 2010|
Company Arranges $300,000 Private Placement
|April 20, 2010, Vancouver, BC - (TSX.V: ARO) Les Kjosness, President & CEO is pleased to report it has arranged a non-brokered private placement, subject to regulatory approval, of up to 3,000,000 units at a price of $0.10 per unit, for a gross value of $300,000Cdn. Each unit will consist of one common share and one share purchase warrant. One full warrant entitles the holder to purchase an additional share of the Company at an exercise prise of $0.14 per share for a period of one year. |
A finder's fee may be payable in connection with this non-brokered private placement.
In addition, the Company is finalizing plans for 2010 exploration at its Waverley-Tangier vein-hosted gold, silver, lead, zinc project in the Revelstoke Mining District of east central British Columbia. Our mandate is to acquire, explore and develop base and precious metals properties throughout North America and, we continue to seek out other properties to add to our portfolio.
On behalf of the Board,
President and Director
For further information:
Les Kjosness: 604-408-6500
Kirsti Mattson: 604-202-2484 media
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.
You can view the Next News Releases item: Mon Apr 26, 2010, Company Acquires Mineral Claims in Saskatchewan
You can view the Previous News Releases item: Thu Mar 11, 2010, Private Placement Closed
You can return to the main News Releases page, or press the Back button on your browser.