CORRECTION FROM SOURCE: Arrowhead to Evaluate Agricultural, Pharmaceutical, Medical Technology & Resource Opportunities & Ann...
April 09 2014 - 2:43PM
Marketwired
CORRECTION FROM SOURCE: Arrowhead to Evaluate Agricultural,
Pharmaceutical, Medical Technology and Resource Opportunities and
Announces Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 9, 2014) - This
release corrects and replaces the version that was disseminated at
11:42 AM ET today. The gross proceeds amount was incorrect and has
been corrected to read $640,000.
Arrowhead Gold Corp. (the "Company") (TSX-VENTURE:AWH) announces
that it will be investigating additional company growth prospects.
The new areas that will be examined will potentially include, but
will not be limited to, agriculture, pharmaceutical, medical
technology, and resources. At this time no new project has been
anticipated and there is no surety that one will be completed.
CEO Steve Smith states "New and emerging markets in the
agricultural, pharmaceutical and medical technology industry are
poised for future growth; as these industries mature, so will the
variety and depth of businesses within it."
The Company also announces a non-brokered private placement of
up to eight million units for gross proceeds of up to $640,000.
Each unit, at a price of 0.08 cents per unit, will consist of one
common share and one-half of one, non-transferrable share purchase
warrant. Each full warrant entitles the holder to purchase one
common share at a price of 0.15 cents per share for a period of 24
months. The proceeds from the private placement will be used for
acquisitions, investments and general working capital to advance
the company's initiatives in the agriculture, pharmaceutical,
medical technology, and resources industries. The private placement
and any finder's fees payable are subject to regulatory approval.
Any securities issued pursuant to the offering shall be subject to
a four-month-and-a-day hold period commencing on the closing
date.
On Behalf of the Board of Arrowhead Gold Corp.,
Steve Smith, President
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.
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.
Arrowhead Gold Corp.Steve
SmithPresident604-642-0115steve@arrowheadgold.com
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