Armadillo Resources Ltd. - Company Arranges $475,000 Private Placement

VANCOUVER, Sept. 15, 2011 /CNW/ - (CNX:ARO) Les Kjosness, President & CEO is pleased to report it has arranged a non-brokered private placement, subject to regulatory approval, of up to 5,000,000 units at a price of $0.095 per unit, for a gross value of Cdn. $475,000. Each unit will consist of one common share and one half share purchase warrant. One full warrant entitles the holder to purchase an additional share of the Company at an exercise price of $0.15 per share for a period of one year.

A finder's fee may be payable in connection with this non-brokered private placement.

Armadillo Resources' mandate is to acquire, explore and develop base and precious metals properties throughout North and South America. Our focus remains the Waverley-Tangier silver/lead/zinc property in BC and we are also developing our Brazilian tenures which consist of pproximately 1,370,368 hectares of 164 processos minerals (claims) in the states of Amazonas, Mato Grosso and Rondonia.

On behalf of the Board,

'Les Kjosness'
President and Director

The CNSX has neither approved nor disapproved of the accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE Armadillo Resources Ltd.

For further information:

Les Kjosness:   604-408-6500
Kirsti Mattson:  778-434-2241 media

Profil de l'entreprise

Armadillo Resources Ltd.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.