Canadian Arrow Grants Share Purchase Options
30 June 2012 - 3:11AM
PR Newswire (Canada)
SUDBURY, ON, June 29, 2012 /CNW/ - Canadian Arrow Mines, Ltd. (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 at www.sedar.com 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.
Canadian Arrow Mines Limited CONTACT: visit the website at
www.canadianarrowmines.ca, or contact Mr.KimTyler President and
Director toll free, 1-877-673-5462.
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