By Devika Patel
Knoxville, Tenn., July 11 - Canadian Arrow Mines Ltd. said it will raise C$1.5 million in a non-brokered private placement of stock.
The company said it will sell up to 4,285,714 flow-through common shares at C$0.35 per share.
Proceeds will be used for exploration.
Based in Sudbury, Ont., Canadian Arrow Mines is a base metal exploration and development company.
| Issuer: | Canadian Arrow Mines Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.5 million
|
| Shares: | 4,285,714
|
| Price: | C$0.35
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 11
|
| Stock symbol: | TSX Venture: CRO
|
| Stock price: | C$0.285 at close July 11
|
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