SUDBURY, ON,
Dec. 20, 2013 /CNW/ - Canadian
Arrow Mines, Ltd. (CRO: TSX-V) Canadian Arrow Mines Limited
("Arrow") today announced that it has closed the previously
announced (See press release dated December
2, 2013) purchase by San Gold Corporation (TSX: SGR) (OTCQX:
SGRCF) ("San Gold") of a 100% interest in 49 mineral claims (the
"Mineral Claims") in the Atikwa and Turtlepond regions located
northeast of Rainy River, Ontario.
The Mineral Claims are contiguous with and surround San Gold's
Atikwa Project which includes the past producing Maybrun
copper-gold mine previously acquired from Opawica Explorations Inc.
As consideration for the Mineral Claims, San Gold issue to Canadian
Arrow 1,750,000 common shares of San Gold and paid Canadian Arrow
$150,000 in cash. The
consideration is currently being held in escrow pending the
registration of the transfers.
Additional information relating to Canadian
Arrow is available on SEDAR at www.sedar.com
This press release may contain "forward-looking
statements" within the meaning of the Canadian securities
legislation and the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date of this press
release and the Company does not intend, and does not assume, any
obligation to update these forward-looking statements.
Neither 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.
SOURCE Canadian Arrow Mines Limited