Mr. Anthony Dutton reports
ARCO RESOURCES ANNOUNCES FINANCING
Arco Resources Corp. is arranging financing by way of a private placement of up to 10 million common shares in the capital of the company at a price of five cents per common share for gross proceeds of up to $500,000.
The proceeds of the offering will be used for working capital and general corporate purposes, and will specifically include exploration work on the company's mineral properties located in Mexico. All securities issued pursuant to the offering will be subject to a hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation and TSX Venture Exchange policy. The company may pay qualified parties finders' fees, subject to the policies and approval of the exchange.
We seek Safe Harbor.
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