SUDBURY, ON, June 29, 2012 /CNW/ - Canadian Arrow Mines, Ltd. (TSXV: CRO) (the "Company") announced today that pursuant to its stock option plan
and subject to approval of the TSX Venture Exchange, the Company
granted a total of 3,770,000 options to nine officers, directors and
employees of the Company on June 28, 2012. These options have an
exercise price of $0.10 per share and have a term of 5 years.
About Canadian Arrow Mines:
The Company is resuming production on its past producing Alexo mine
located in the Abitibi nickel district east of Timmins Ontario. The
Alexo and Kelex mines have historically produced 87,000 tonnes
averaging 3.06% nickel from both underground and open pit mining. The
Company is also developing it's flagship Kenbridge nickel/copper/cobalt
project located near Kenora, Ontario. Exploration potential exists
along strike and at depth on both projects.
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:
visit the website at www.canadianarrowmines.ca, or contact Mr. Kim Tyler President and Director toll free, 1-877-673-5462.