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NEWS RELEASE |
Thursday, May 07, 2009
Corporate Consolidation, Name Change And Private Placement Amendment
Vancouver, B.C., May 7, 2009 -- Argus Metals Corp. (formerly BlueRock Resources Ltd.) (the "Company") announces that pursuant to the Special Meeting of the shareholders of the Company held on April 30, 2009, the Company has consolidated its capital on a 15 old for 1 new basis. The TSX Venture Exchange has confirmed the Company's new name of ARGUS METALS CORP. Effective at the opening Thursday, May 7, 2009, the common shares of Argus Metals Corp. commenced trading on TSX Venture Exchange under the trading symbol "AML".
The Company also amends a previously announced, (March 25, 2009), non-brokered private placement to issue up to 3,250,000 units at $0.10 per unit, to raise up to C$325,000 (the "Offering").
Each unit will consist of one common share and one transferable share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share, exercisable for two years from the closing date, at a price of $0.15 per share.
The Company will use the private placement funds for its general working capital purposes and to pay certain outstanding debts.
Finder's fees may be paid in accordance with the guidelines of the TSX Venture Exchange.
The private placement is subject to approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
For further information, please contact:
Argus Metals Corp.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
Website:
www.argusmetalscorp.comNeither 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 news release. 
