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File: ARCO News - Arco CEO Appointment & Financing (Jun 20 2017).docx


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ARCO APPOINTS CEO AND ARRANGES FINANCING
June 20 2017 - Vancouver, BC - Arco Resources Corp. (TSX-V: ARR.H) (the "Company") is pleased to announce the appointm
--->ent of a new CEO and member of its Board of Directors, and the arrangement of financing for up to $500,000 by way of a
---> private placement in its capital stock.
Appointment of Director & CEO
The Company is pleased to announce the appointment of Mr. George Danes, CPA, CA to its Board of Directors and as Chief
---> Executive Officer of the Company.  Mr. Danes is a professional accountant with several years' experience in both priv
--->ate and public companies, primarily in the real estate sector. He is currently the Chief Financial Officer of Sutton G
--->roup Realty Services, and is the former Vice President Finance and Accounting of Dundee 360 Real Estate Corporation (2
--->009 - 2016), where he directed the global financial department, servicing 35 corporate entities operating in the US, C
--->anada and Europe, overseeing reporting, treasury, compliance, taxation and M&A, in the development, operations and sal
--->es and marketing of real estate assets.  Prior to this, Mr. Danes spent seven years in audit both locally and internat
--->ionally with several accounting and audit firms.  
Mr. Danes' appointment to both the Board and as CEO is in replacement of Mr. Anthony Dutton, who has resigned both pos
--->ts to concentrate on other ventures.  The Company wishes to thank Mr. Dutton for his past service.  
Private Placement Financing
The Company has arranged financing by way of a private placement of up to 10,000,000 units in the capital of the Compa
--->ny at $0.05 per unit for gross proceeds of up to $500,000 (the "Offering"), each unit comprised of one common share an
--->d one common share purchase warrant exercisable at a price of $0.075 for a period of one year from the date of issue. 
---> All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day
---> from the date of issuance in accordance with applicable securities legislation and TSX Venture Exchange (the "Exchang
--->e") policy.  The Company may pay qualified parties finder's fees, subject to the policies and approval of the Exchange
--->.  The proceeds of the Offering will be used for working capital and general corporate purposes. 
ON BEHALF OF THE BOARD OF DIRECTORS
   "D. Barry Lee"
D. Barry Lee, Director

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.