|March 30, 2011|
Company to Delist Trading on the TSX Venture Exchange
|March 30, 2011, Vancouver, BC - (TSX.V/CNSX:ARO) Les Kjosness, President & CEO, announces that Management has made application to the TSX Venture Exchange ("TSXV") to delist its shares for trading, effective immediately. As previously announced, on October 21, 2010, the Company entered into an agreement with Rusheen Handels AG to acquire 99% of the issued and outstanding Units of Amazonia Capital e Participacoes Ltda.,a Brazilian corporation which holds properties in Brazil (the "Acquisition"). The Acquisition is deemed a reverse takeover ("RTO") under TSX.V policy and is subject to a number of conditions, including but not limited to, TSX.V , acceptance. |
The Company has failed to secure TSX.V acceptance of the RTO and is therefore seeking a voluntary delisting of its shares from the TSX.V in order to proceed with the Acquisition on the Canadian National Stock Exchange (CNSX) on which it was listed February 8, 2011.
There is a considerable 2011 exploration program planned for the Amazon Basin projects as well as at the Waverley-Tangier silver property near Revelstoke, BC and Management wishes to proceed without further interruption to its overall mandate. Les Kjosness will be meeting in Brazil mid-May with Regional Manager, Andre Klumb, and Consultant John Young to finalize the initial exploration program on the Amazon Basin and this will be released to shareholders once established.
On behalf of the Board,
President and Director
For further information:
Les Kjosness: 604-408-6500
Kirsti Mattson: 778-434-2241 Media
Neither the TSX Venture Exchange nor its Regulatory 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. The CNSX also has neither approved nor disapproved of the same. 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.
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