|September 15, 2011|
Company Arranges $475,000 Private Placement
|September 15, 2011, Vancouver, BC - (CNX:ARO ARO) Les Kjosness, President & CEO is pleased to report it has arranged a non-brokered private placement, subject to regulatory approval, of up to 5,000,000 units at a price of $0.095 per unit, for a gross value of Cdn. $475,000. Each unit will consist of one common share and one half share purchase warrant. One full warrant entitles the holder to purchase an additional share of the Company at an exercise price of $0.15 per share for a period of one year. |
A finder's fee may be payable in connection with this non-brokered private placement.
Armadillo Resources' mandate is to acquire, explore and develop base and precious metals properties throughout North and South America. Our focus remains the Waverley-Tangier silver/lead/zinc property in BC and we are also developing our Brazilian tenures which consist of pproximately 1,370,368 hectares of 164 processos minerals (claims) in the states of Amazonas, Mato Grosso and Rondonia.
On behalf of the Board,
President and Director
For further information:
Les Kjosness: 604-408-6500
Kirsti Mattson: 778-434-2241 media
The CNSX has neither approved nor disapproved of the 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: Thu Sep 15, 2011, Company Updates Status of Joint Venture on Aripuana Property, Brazil
You can view the Previous News Releases item: Wed Aug 3, 2011, Company Announces $30 Million Letter of Intent re Joint Venture on Brazil Exploration Project
You can return to the main News Releases page, or press the Back button on your browser.