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
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
For further information:
For further information: visit the website at www.canadianarrowmines.com, or contact Mr. Dean MacEachern, CEO at (705) 673-8259.