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Arco Resources Corp. (TSX VENTURE:ARR) reported that the company has closed the second and final tranche of its non-brokered private placement announced on February 11, 2010 to complete the full private placement with gross proceeds totaling $1,291,500.
Arco Resources Corp. (TSX VENTURE:ARR) reported that the company has closed the second and final tranche of its non-brokered private placement announced on February 11, 2010 to complete the full private placement with gross proceeds totaling $1,291,500.
The press release is quoted as saying:
Arco holds a 100% interest in six mineral claim blocks and the right to acquire 100% of a seventh, all located in the State of Oaxaca, Mexico. The Company has two 43-101 compliant projects, the Lachiguiri project (Ag,Pb,Zn) and the Tres Hermanas project (Ag,Pb,Zn). In addition the Company has begun to focus its efforts on its Taviche and newly-acquired Predilecta claim blocks, each of which have had historical production of gold and silver.
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