Arrowhead Announces $500,000 Financing
November 15 2011 - 9:47AM
Marketwired
Arrowhead Gold Corp., (the "Company") (TSX VENTURE:AWH) announces
that it has arranged, subject to the acceptance of the TSX Venture
Exchange, a private placement totaling $500,000. These funds will
be raised by the Company issuing up to 5 million units at a price
of $0.10 per unit, each unit consisting of one common share and
one-half of one share purchase warrant. Each whole warrant will
entitle the holder, on exercise, to purchase one common share for a
period of two years, at a price of $0.15.
Finder's fees may be payable on a portion of the private
placement, in accordance with the policies of the TSX Venture
Exchange.
The net proceeds of the private placement will be used to
further exploration on the Company's properties and for working
capital purposes.
The Company's drill program on its wholly owned Puruni Gold
Project in Guyana, SA is anticipated to commence on Wednesday
November 16, 2011.
On Behalf of the Board of Arrowhead Gold Corp.
Steve Smith, President
This news release may contain forward-looking statements based
on assumptions and judgments of management regarding future events
or results. Such statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements.
The Company disclaims any intention or obligation to revise or
update such statements.
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.
Contacts: Arrowhead Gold Corp. Steve Smith President 604
642-0115 604 642-0116 (FAX)steve@otishenergyinc.com
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