Canadian Arrow announces proposed debt settlement
SUDBURY, ON, June 23 /CNW/ - Canadian Arrow Mines Limited (TSXV-CRO) (the "Company") is pleased to announce that it has received verbal acceptances and proposes to issue approximately 570,000 common shares at a deemed issue price of $0.07 per share in respect of liabilities accrued to May 31, 2009, for deferred salaries, fees and expenses to its officers, directors and senior employees.
The debt settlement is subject to compliance with applicable securities laws and to receipt of regulatory approval, including the approval of the TSX Venture Exchange.
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.
If you would like to receive press releases via email
please contact: julia@chfir.com.
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
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.
%SEDAR: 00008534E For further information: visit the website at
www.canadianarrowmines.ca, or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., R. Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
kim@canadianarrowmines.ca; CHF Investor Relations, Julia Clark, Director of Communications, Tel: (416) 868-1079 ext. 236, E-mail:
julia@chfir.com
. <
|
PRODUCER |
CODE : CRO.V |
ISIN : CA1353431010 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canadian Arrow is a nickel and gold producing company based in . Canadian Arrow produces nickel, gold, cobalt and copper in Canada, develops cobalt, copper and nickel in Canada, and holds various exploration projects in Canada. Its main assets in production are ALEXO and CHIEF PETER LAKE in Canada, its main asset in development is KENBRIDGE in Canada and its main exploration properties are ATIKOKAN PROPERTIES, HALLIDAY DOME and HART in Canada. |