SUDBURY, ON, Dec. 20, 2013 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
Canadian Arrow Mines Limited ("Arrow") today announced that it has closed the
previously announced (See press release dated December 2, 2013) purchase by
San Gold Corporation (TSX: SGR) (OTCQX: SGRCF) ("San Gold") of a 100% interest
in 49 mineral claims (the "Mineral Claims") in the Atikwa and Turtlepond
regions located northeast of Rainy River, Ontario. The Mineral Claims are
contiguous with and surround San Gold's Atikwa Project which includes the past
producing Maybrun copper-gold mine previously acquired from Opawica
Explorations Inc. As consideration for the Mineral Claims, San Gold issue to
Canadian Arrow 1,750,000 common shares of San Gold and paid Canadian Arrow
$150,000 in cash. The consideration is currently being held in escrow
pending the registration of the transfers.
Additional information relating to Canadian Arrow is available on SEDAR at
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.
SOURCE Canadian Arrow Mines Limited
For further information: visit the website atwww.canadianarrowmines.com, or
contact Mr. Dean MacEachern, CEO at (705) 673-8259.
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CO: Canadian Arrow Mines Limited
NI: MNG ORDER
-0- Dec/20/2013 22:53 GMT
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