09:53:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Arco Resources Corp (3)
Symbol ARR
Shares Issued 4,861,800
Close 2016-12-19 C$ 0.06
Market Cap C$ 291,708
Recent Sedar Documents

Arco to close private placement in early 2017

2016-12-28 19:25 ET - News Release

Mr. Anthony Dutton reports

ARCO PROVIDES FINANCING UPDATE

Although Arco Resources Corp. has experienced delays in closing the private placement financing announced in late third quarter 2016, the company is confident of closing on the majority portion of the equity raise early in 2017.

On Sept. 28, 2016, the company announced the placement of 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 offering remains open.

Proceeds from the offering will be used for working capital and general corporate purposes. 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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