Received by email:
File: 14 Jul 21 NR - Arco Announces Financing.docx
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ARCO RESOURCES ANNOUNCES FINANCING
July 21, 2014 -- Vancouver, BC -- Arco Resources Corp. (TSX-V: ARR) ("Arco" or the "Company") announces that it will c
--->onduct a non-brokered private placement of up to 12,000,000 units (the "Units") in the capital of the Company for gros
--->s proceeds of up to $600,000, subject to the approval of the TSX Venture Exchange (the "Exchange").
Each Unit will be priced at $0.05 and will consist of one common share and one-half of one non-transferable share purc
--->hase warrant (the "Warrant"). Each whole Warrant will be exercisable to purchase one additional common share of the C
--->ompany at a price of $0.25 for one year from the date of issue. All shares issued pursuant to this offering and any s
--->hares issued in connection with the exercise of the Warrants will be subject to a four-month and one day hold period f
--->rom the date of issuance, in accordance with Exchange policies and applicable securities laws. Arco will pay qualifi
--->ed parties finder's fees, subject to the policies and approval of the Exchange. The proceeds of the private placement
--->will be used for working capital.
About Arco Resources
Arco holds a 100% interest in one mineral claim blocks located in the State of Oaxaca, Mexico. The Company is focusing
---> its efforts on its Taviche claim block, which has had historical production of gold and silver. For additional infor
--->mation on the Company please go to www.arcoresources.com.
On behalf of the Board of Directors of Arco Resources Corp.
"Warren McIntyre"
Warren McIntyre President & Chief Executive Officer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in t
--->he United States. The securities have not been and will not be registered under the United States Securities Act of 19
--->33, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the Unit
--->ed States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or a
--->n exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements are st
--->atements that are not historical facts and are generally, but not always, identified by the words "expects", "plans",
--->"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or
--->conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expresse
--->d in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future
---> performance and actual results may differ materially from those in forward looking statements. Forward-looking state
--->ments are based on the beliefs, estimates and opinions of the Company's management on the date such statements were ma
--->de. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements wh
--->ether as a result of new information, future events or otherwise.
Neither 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 release.
© 2024 Canjex Publishing Ltd. All rights reserved.