SUDBURY, ON,
Dec. 19, 2012 /CNW/ - Canadian
Arrow Mines Limited. (CRO: TSX-V) (the "Company") is pleased to
announce that it has reached an agreement with one if its
contractors to issue 785,908 common shares at a deemed issue price
of $0.05 per share in respect of
liabilities accrued to December 1,
2012 for excavation services performed by such
contractor.
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.
Except for historical information, this press
release contains forward-looking statements, which reflect the
Company's current expectation regarding future events. These
forward-looking statements involve risks and uncertainties, which
may cause actual results to differ materially from those
statements. Those risks and uncertainties include, but are not
limited to, changing market conditions, and other risks detailed
from time-to-time in the Company's ongoing filings. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks, uncertainties and
assumptions, the forward-looking events in this press release might
not occur.
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.
SOURCE Canadian Arrow Mines Limited