Arco Closes First Tranche of Non-Brokered Financing

Lead Investing

Arco Resources Corp. (TSX VENTURE:ARR) reported that the company has closed the first tranche of its non-brokered private placement announced on February 11, 2010. The first tranche consisted of 12,350,000 units at a price of $0.05 per unit for total gross proceeds of $617,500.

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).

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Click here to access Arco Resources Corporate Site

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