Mr. Anthony Dutton reports
ARCO RESOURCES INCREASES PRIVATE PLACEMENT
Arco Resources Corp. has further amended the terms of the private placement financing announced on June 30, 2016, and amended Aug. 22, 2016. The company will now place up to 20 million common shares in the capital of the company at a price of five cents per common share for gross proceeds of up to $1-million.
The proceeds of the offering will be used for working capital and general corporate purposes, and will 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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