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Arco Resources Corp.

Publié le 26 avril 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
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Arco Resources Corp.

EXPLORATEUR
CODE : ARR.V
ISIN : CA0396051009
Suivi et investissement
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Arco Resources est une société d’exploration minière basée au Canada.

Ses principaux projets en exploration sont CUATRO VENADOS, TRES HERMANAS, PREDILECTA et TAVICHE au Mexique.

Arco Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,0 millions CA$ (14,6 millions US$, 9,9 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 mars 2009 à 0,02 CA$, et son plus haut niveau récent le 29 avril 2011 à 2,70 CA$.

Arco Resources possède 75 208 000 actions en circulation.

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Financements de Arco Resources Corp.
15/04/2011Announces Financing
Projets de Arco Resources Corp.
24/05/2012Arco Closes Property Sale to Argentum Silver
15/02/2012(Predilecta)Arco Announces Completion of Technical Report on Predilecta ...
05/08/2010(Predilecta)Provides Drilling Update
14/07/2010(Predilecta)Begins Drilling at Predilecta Gold Property
Communiqués de Presse de Arco Resources Corp.
19/10/2012Arco Extends Expiry Date of Warrants
10/05/2012Arco Sells Properties to Argentum Silver
14/04/2012Arco Extends Expiry Date of Warrants
26/04/2011News Release
22/03/2011News Release
22/02/2011and Silex Ventures Close Qualifying Transaction
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