|July 09, 2010|
Company Completes $366,500 Private Placement
|July 9, 2010, Vancouver, BC -- (TSX.V-ARO) Les Kjosness, President & CEO, is pleased to announce the $0.10 private placement announced April 20, 2010 to raise $300,000 and referred to June 24, 2010 has been closed with a total subscription of $366,500. The funds will be used for general corporate and administrative purposes. Additionally, the Board of Directors has approved a grant of 480,000 stock options to Directors, Officers, employees and consultants exercisable at a price of $0.10 until July 2015.|
Armadillo Resources' 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.
The full Company story is available at www.armadilloresources.com.
On behalf of the Board,
President and Director
For further information::
Les Kjosness: 604-681-8222
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: Wed Jul 21, 2010, Company Acquires LD Gold Property, BC
You can view the Previous News Releases item: Thu Jun 24, 2010, Armadillo Completes Oversubscribed Private Placement
You can return to the main News Releases page, or press the Back button on your browser.