Arco Resources Corp.

Published : April 26th, 2011

News Release

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PRESS RELEASE
April 26, 2011

For Immediate Release
Contact: Warren McIntyre

Arco Resources Corp

Arco Closes Non-Brokered Financing

April 26, 2011 -- Vancouver, B.C. -- Arco Resources Corp. (TSX-V: ARR) ("Arco" or the "Company") announces it has closed its non-brokered private placement announced April 15, 2011, consisting of 8,000,000 units at a price of $0.06 per unit for gross proceeds of $480,000.

All securities issued with respect to this placement are subject to a four month hold period expiring on August 26, 2011, in accordance with the policies of the TSX Venture Exchange (the "Exchange") and the provisions of the Securities Act (British Columbia).

The units each consist of one common share and one non-transferable share purchase warrant (the "Warrants") exercisable for one additional common share of the Company at a price of $0.15 until April 25, 2012.  In connection with the closing of this placement, Arco has paid qualified parties a finder's fee in cash equal to 5% of the total proceeds.

The proceeds of the private placement will be used to fund the preparation of technical reports under National Instrument 43-101 at Arco's Taviche and Predilecta properties located in Oaxaca, Mexico, and for working capital.

About Arco Resources

Arco holds a 100% interest in seven mineral claim blocks, all located in the State of Oaxaca, Mexico.  The Company has begun to focus its efforts on its Taviche and Predilecta claim blocks, each of which has had historical production of gold and silver.  The Company has optioned its Lachiguiri, Silacayoapan and Nino Perdido properties to Argentum Silver Corp., and has optioned a 90% interest in its Tres Hermanas property to Zodiac Capital Ltd.  For further information on the Company please go to www.arcoresources.com.  Follow Arco on Facebook.

On behalf of the Board of Directors of Arco Resources Corp.

"Warren McIntyre"

Warren McIntyre
President and Chief Executive Officer
Arco Resources Corp.

 
 

For further information:

 

Ian Tootill, Director of Investor Relations

Phone: 604.639.2866

Email: ian@arcoresources.com

www.arcoresources.com

 

Neither 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.

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Arco Resources Corp | Suite 1610 | 1066 West Hastings St. | Vancouver | BC | V6E 3X1 | Canada
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Arco Resources Corp.

EXPLORATION STAGE
CODE : ARR.V
ISIN : CA0396051009
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Arco Resources is a exploration company based in Canada.

Its main exploration properties are CUATRO VENADOS, TRES HERMANAS, PREDILECTA and TAVICHE in Mexico.

Arco Resources is listed in Canada. Its market capitalisation is CA$ 15.0 millions as of today (US$ 14.6 millions, € 9.9 millions).

Its stock quote reached its lowest recent point on March 20, 2009 at CA$ 0.02, and its highest recent level on April 29, 2011 at CA$ 2.70.

Arco Resources has 75 208 000 shares outstanding.

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Financings of Arco Resources Corp.
4/15/2011Announces Financing
Project news of Arco Resources Corp.
5/24/2012Arco Closes Property Sale to Argentum Silver
2/15/2012(Predilecta)Arco Announces Completion of Technical Report on Predilecta ...
8/5/2010(Predilecta)Provides Drilling Update
7/14/2010(Predilecta)Begins Drilling at Predilecta Gold Property
Corporate news of Arco Resources Corp.
10/19/2012Arco Extends Expiry Date of Warrants
5/10/2012Arco Sells Properties to Argentum Silver
4/14/2012Arco Extends Expiry Date of Warrants
4/26/2011News Release
3/22/2011News Release
2/22/2011and Silex Ventures Close Qualifying Transaction
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