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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.

Click here to access the entire press release

Click here to access Arco Resources Corporate Site

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