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Canadian Arrow Mines Announces Increase in Underwriters' Option in Previously Announced "Bought Deal" Financing -
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
SUDBURY, ON, March 29 /CNW/ - Canadian Arrow Mines Ltd. (CRO:TSX-V) (the "Company") is pleased to announce that it has amended the terms of the previously announced bought deal with Canaccord Capital Corporation ("Canaccord") to increase the size of the underwriters' option granted to Canaccord by 3,500,000 units (the "Units") subject to the approval of the TSX Venture Exchange and, if required by the Exchange, a majority of the shareholders of the Company (which may be obtained by the written consent of shareholders holding more than 50% of the outstanding common shares of the Company). Under the amended agreement, Canaccord now has the option to purchase up to an additional 5,000,000 Units at any time up to 48 hours prior to the closing date. If the full underwriters' option is exercised, Canaccord will purchase up to a total of 5,000,000 additional Units, for additional gross proceeds of C$2.5 million. Assuming that the underwriters' option is exercised in full, the total gross proceeds to the Company from this financing will be C$7,500,000.
Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant, expiring 18 months from the closing date, will entitle the holder to subscribe for one additional common share at a price of C$0.70.
The Company plans to use the net proceeds of this financing to continue exploration of the Company's mineral properties and for general working capital purposes.
The offering is scheduled to close on or about April 17, 2007 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under this offering will be offered by way of private placement exemptions in all the provinces of Canada, offshore and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The Company and Canaccord agree that the Units will not be offered or sold in the United States or to, or for the account of, United States persons except to accredited investors pursuant to the exemption from the registration requirements contained under the United States Securities Act of 1933, as amended to deal with the possibility that the Units may be sold to United States persons.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian exploration and development Company committed to developing and advancing base metal deposits close to existing infrastructure through exploration, development and acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange under the symbol "CRO".
If you would like to receive press releases via email please contact: ana@chfir.com
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.
Source: Canada NewsWire (March 29, 2007 - 2:06 PM EDT)
News by QuoteMedia
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Canadian Arrow Mines announces C$5,000,000 "bought deal" financing -
http://app.quotemedia.com/quotetools/popups/story.jsp
http://www.investorshub.com/boards/board.asp?board_id=7957
Bob,
Check ALZ, NUC, YZC, RDU (all Canadian).
Aldershot, Nova Uranium, Yukon Zinc and Radiuus Gold.
All have great officers and directors, good mine reports and looked to have bottomed.
Hope I am not spamming here, but I am always open to new stocks. CRO looks to be ready to blow off some profits.
Idaho
Canadian Arrow appoints new Vice President of Operations -
SUDBURY, ON, March 14 /CNW/ -
Canadian Arrow Mines, Ltd.
(CRO: TSX-V) (the "Company") today announces that
Mr. Garett Macdonald has been appointed Vice President
of Operations effective April 2, 2007.
Mr. Macdonald brings over fifteen years of experience in
the mining industry having worked in both open pit
and underground environments, including the Campbell Mine
in Red Lake and Dome Mine in Timmins respectively.
Mr. Macdonald has also spent a number of years working in
the oil sands projects in Fort McMurray, Alberta where
he led continuous improvement teams in the mining group
for Suncor Energy Inc., a leader in the oil sands industry.
Among his responsibilities were to oversee large scale
construction projects and supervise mine operations.
Most recently he oversaw the bankable feasibility studies
for Fortune Minerals Limited including the $275 million
Mount Klappan anthracite coal project in northwest
British Columbia, and the $215 million NICO
gold-cobalt-bismuth project in the Northwest Territories.
Mr. Macdonald obtained his Bachelor of Engineering degree
from Laurentian University and subsequently earned his
Master's in Business Administration (MBA) from the
Richard Ivey School of Business at the University of
Western Ontario.
Mr. Macdonald's main responsibility at Canadian Arrow
will be to assess the viability of bringing the
Company's Kenbridge Nickel Deposit towards a
production decision over the next several months and
determine the steps necessary for any required permitting.
David Larche, President, stated:
"I would like to welcome Garett to the management group
at Canadian Arrow.
His vast experience in the mining industry will be
invaluable to us as we look forward to exploring and
developing our nickel properties, particularly
the Kenbridge Nickel Mine project.
This will be an exciting year for Canadian Arrow
and we are very pleased that our projects and potential
has attracted someone of Garett's caliber and experience
to our team."
The Company also announces that, subject to regulatory
approval, incentive stock options have been granted to
certain directors and officers entitling them to purchase
up to 400,000 shares of the Company at a price of
$0.57 per share, exercisable until March 13, 2012.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian
exploration and development Company committed to developing
and advancing base metal deposits close to existing
infrastructure through exploration, development
and acquisition.
Shares of Canadian Arrow Mines are listed for trading
on the TSX Venture Exchange under the symbol "CRO".
If you would like to receive press releases via email
please contact: catarina@chfir.com
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR
DISAPPROVES OF THIS PRESS
RELEASE.
%SEDAR: 00008534E
Source: Canada NewsWire (March 14, 2007 - 2:59 PM EDT)
News by QuoteMedia
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I liked the ERHE board as they were really into DD on a tricky stock. SSthjf was great in that their was a big private placement at at about $2 and the stock was selling for $1.50.
Also a lot of data on the mines.
Maybe a uranoum play is too late?
I am trying to follow Yukon Zinc YZCCF or YZC.V which has awsome drill results and has really tanked.
I like to look for a private placement way above today's price. See NVURF of NUC.V
To 'idahoseb' on 'CANADIAN ARROW MINES LTD' -
welcome to CRO -
what board to you want up?
tia.
I have done well in Canadian Juniors, esp.++++URANIUM STOCKS++++.
Anyone want to start a board?
CRO Kenbridge Nickel Mines Properties, Ontario, Canada -
Kenbridge Mine Headframe -
Development work included a 2,000 foot shaft, 3,300 feet
of horizontal development and 50,000 feet of drilling
in 247 drill holes.
Falconbridge's internal estimate for the mineral resource
at the Kenbridge property totaled 2,705,000 tonnes grading 1.05%
nickel and 0.54% copper to a depth of 2000 feet.
The resource includes a higher-grade area above the 500 foot level
with an inventory of 544,300 tonnes grading 1.41% nickel
and 0.62% copper using a cut-off grade of 0.5% nickel
over a minimum width of 6 feet.
Falconbridge also estimated an additional inferred resource
of 594,000 tonnes grading 1.55% nickel and 0.90% copper
in mineralization below the 2,000 foot level.
Nickel, up 300% in a year -
Nickel hits new record high for second day running -
http://www.stockhouse.com/bullboards/viewmessage.asp?no=14413507&t=0&all=0&TableID=0
CRO - only back to were it was -
long time ago -
History repeat itself -
CRO has added great values since 2004 -
a fair market value hasn't started to reflex it yet -
with the higher metal price we should be at least 5 times higher -
its a good a start -
its a beginning - 2nd LT wave -
we are lucky to get some old
great Canadian nickel mines -
let's go after the PGM's too -
The Arrow & Nickel target moon -
http://www.investorshub.com/boards/board.asp?board_id=7957
http://www.investorshub.com/boards/board.asp?board_id=5398
Imo. Tia.
from another forum
Nickel, up 300% in a year -
CRO - only back to were it was -
long time ago -
History repeat itself -
CRO has added great values since 2004 -
a fair market value hasn't started to reflex it yet -
with the higher metal price we should be at least 5 times higher -
its a good a start -
its a beginning - 2nd LT wave -
we are lucky to get some old
great Canadian nickel mines -
let's go after the PGM's too -
The Arrow & Nickel target moon -
http://www.investorshub.com/boards/board.asp?board_id=7957
http://www.investorshub.com/boards/board.asp?board_id=5398
Imo. Tia.
by: RRothschild at another board
Nickel hits new record high for second day running -
Source: AFX
Thu, Mar 8 2007 –
http://metalsplace.com/metalsnews/?a=10639
Nickel surged to a new record high for a second day running,
as the metal remained supported by critically low stocks
and strong demand from the stainless steel sector.
Also, a tentative recovery in global equity markets was underpinning prices in all metals, analysts said.
London shares opened firmer this morning while over in Asia,
the Nikkei and the Hang Seng index both closed higher.
Last week, a global equities slump sparked by a 9 pct plunge
in the Chinese stock market last Tuesday sent base metals
prices lower on fears slower global economic growth
might crimp demand.
At 10.43 am, LME nickel for 3 month delivery was at 42,700
usd a tonne, hitting a new all time high of 43,150 usd
earlier.
Yesterday, the metal hit what was then an all time high
of 42,350 usd.
'Nickel is continuing where it left off yesterday and the day
before based on strong fundamentals, (LME) stocks are
down again today ... stainless steel sector demand is
strong,' said BaseMetals.com analyst Martin Hayes.
Stainless steel demand accounts for about 70 pct of total
nickel consumption, and Hayes said there is very little
evidence this demand is abating or that manufacturers
are looking to substitute.
He added there also is very little new supply scheduled
to come on stream any time soon and that this, along with
the factors listed above, point to 'higher numbers down
the road'.
The LME said in a daily report that its nickel stocks fell
222 to total 3,426 tonnes.
This leaves less than 3,000 tonnes available to the market –
equivalent to less than a day's worth of global consumption.
Tin was up at 13,700 usd a tonne against 13,600 usd at
the close yesterday, still benefiting from news out
yesterday Indonesia is considering export quotas to put
a floor of 12,000 usd a tonne under prices.
'Tin is the other metal we like as we think the market has
not taken on board the extent of the potential
disruptions,' said BaseMetals.com analyst William Adams.
Tin has surged to ever higher record levels this year
as authorities in Indonesia, the world's largest tin
exporter, have begun a clampdown on illegal tin mining.
Lead was up at 1,880 usd a tonne against 1,850 usd at
the close yesterday, underpinned by news of a blast at
a Zinifex lead smelter at Port Pirie in Australia.
Copper was up at 6,305 usd a tonne against 6,140 usd at
the close yesterday, aluminium was up at 2,745 usd
against 2,730 usd while zinc was up at 3,400 usd against
3,360 usd.
http://metalsplace.com/metalsnews/?a=10639
http://www.investorshub.com/boards/board.asp?board_id=7957
The Arrow - on the LT Bull move -
NASAII rocketry - sounds good -
well, GO target moon -
nice move -
http://www.investorshub.com/boards/board.asp?board_id=7957
God Bless
Amen
The Arrow - on the LT Bull move -
well, GO target moon -
nice move -
http://www.investorshub.com/boards/board.asp?board_id=7957
God Bless
Amen
Cdn Arrow Mines flies over Kenbridge, other projects -
Canadian Arrow Mines Ltd (C:CRO)
Shares Issued 34,137,880
Last Close 1/31/2007 $0.41
Thursday February 01 2007 - News Release
Mr. Dean MacEachern reports
CANADIAN ARROW BEGINS AIRBORNE GEOPHYSICAL SURVEY ON NICKEL-COPPER PROPERTIES; DRILLING TO BEGIN SHORTLY
Canadian Arrow Mines Ltd. -
has initiated an airborne geophysical survey over the
company's Kenbridge, Denmark Lake, Chief Peter Lake,
Eva Lake, Kawane and Abiwin nickel-copper projects
located in Northwestern Ontario.
The 1,100-line-kilometre airborne ATEM and magnetic survey
has been contracted to Aeroquest Ltd. which has mobilized
a field crew to complete the survey over the next few weeks.
The objective of the airborne survey is to provide a modern geophysical database from which the company will generate
nickel sulphide exploration targets to be tested by
diamond drilling in 2007.
The company also reported that it has negotiated for a 5,000-metre diamond drilling contract to drill test nickel sulphide targets identified at the Kenbridge nickel deposit
and other regional targets which may be generated from
airborne survey.
The drill program is scheduled to begin shortly after the completion of the survey.
Dean MacEachern, Canadian Arrow's vice-president of exploration, commented:
"The airborne survey will be flown over our extensive
property position including the known nickel sulphide
showings and the Kenbridge nickel deposit.
It will provide an excellent database from which to design
an aggressive exploration program.
In order to provide year-round access to the Kenbridge
deposit in advance of the significant diamond drilling
program that we anticipate beginning within the next
few weeks, we are constructing an all-season trail
into the property.
The proximity of our projects to existing infrastructure
will allow us to quickly evaluate the nickel sulphide
potential of any potential geophysical anomalies while
we concurrently advance the Kenbridge deposit."
The exploration program is being carried out under the
direction of the company's exploration manager, Todd Keast,
PGeo, a qualified person as defined by National Instrument 43-101.
The information in this release was prepared under the
direction of Mr. MacEachern, PGeo, a qualified person as
defined by National Instrument 43-101.
http://www.investorshub.com/boards/board.asp?board_id=7957
Canadian Arrow Mines acquires four nickel-copper properties
in the Atikokan area of northwestern Ontario
SUDBURY, ON, Jan. 3 /CNW/ -
Canadian Arrow Mines, Ltd.
(CRO: TSX-V) (the "Company") is pleased to report the
signing of two different option agreements to acquire
a 100%-interest in the Chief Peter Lake Property
and 100%-interest in the Eva Lake Property,
the Kawene Property
and the Abiwin Property,
all located near Atikokan, northwestern Ontario.
All these new acquisitions are situated in areas that cover
a number of historical nickel, copper and platinum
element group (PGM) showings.
The Chief Peter Lake Property covers three
ultramafic intrusions with trench samples of
2.2% Cu, 0.5% Ni, and 2.1 g/t PGM.
The Eva Lake Property consists of an ultramfic intrusion
with known surface showings returning grab samples
assaying 1.29% Cu, 0.39% Ni, and 2.1 g/t PGM.
The Kawane Property and the Abiwin Property host
ultramafic intrusions with surface showings comparable
to the above mentioned properties.
All these new acquisitions have not been evaluated
with significant diamond drill programs, nor have they
been explored with modern geophysical survey methods.
Dean MacEachern, Canadian Arrow's VP Exploration, commented:
"The addition of these properties into our
exploration portfolio is consistent with our
corporate strategy and are suitable compliments to
our existing Kenbridge Nickel Deposit
and Denmark Lake Property.
The proximity of the projects to existing infrastructure
and to the Company's Kenbridge project allows us to
quickly evaluate the nickel sulphide potential of
these projects as we concurrently advance
the Kenbridge deposit."
The Chief Peter Lake property is located in an area
of excellent infrastructure and includes six claims
(68 units).
The property option requires payments from the
company totaling $75,000 and 120,000 shares over a
three-year period and the Company has to spend $136,000
in exploration expenditures over a four-year period.
The Eva Lake, the Kawene and Abiwin properties include
three claims (26 units).
The property agreement requires payments from CRO
totaling $60,000 and 62,500 shares over a three-year
period and the company is required to complete $52,000
in exploration expenditures over a four-year period.
Once the Company exercises the option, the vendors will
retain a 2% net smelter return royalty on these properties.
Both transactions are subject to regulatory approval.
"2007 is sure to be very active for Canadian Arrow
as we develop our growing property portfolio and look
forward to SRK Consulting's NI 43-101 resource estimate
on the Kenbridge Deposit," added Mr. MacEachern.
(see press release dated Dec.21,2006)
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd.
is an established Canadian exploration and development
Company committed to developing and advancing
base metal deposits close to existing infrastructure
through exploration, development and acquisition.
Shares of Canadian Arrow Mines
trade on the TSX Venture Exchange under the symbol "CRO".
If you would like to receive press releases via email
please contact:
ana@chfir.com.
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS
PRESS RELEASE.
%SEDAR: 00008534E
Source: Canada NewsWire (January 3, 2007 - 9:00 AM EST)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=7957
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CANADIAN ARROW MINES LTD -
(CRO:TSX-V)
CRO Kenbridge Nickel Mines Properties, Ontario, Canada -
Kenbridge Mine Headframe -
Investors Presentation -
http://www.smartstox.com/interview/cro/
http://www.canadianarrowmines.com/ir/presentation/01_01_07.pdf
http://www.investorshub.com/boards/quotes.asp?ticker=v.cro
Welcome To Canadian Arrow Mines Ltd.
Canadian Arrow is a well-established company with a strong focus
on nickel sulphide exploration.
Currently the company has project positions in Northwestern
Ontario and the Abitibi of Ontario, encompassing past
nickel producers and known nickel occurrences.
The Company's flagship project is -
the Kenbridge Nickel Deposit -
located near Kenora, Ontario which was acquired in
September, 2006.
http://www.newswire.ca/en/releases/archive/December2006/05/c3656.html
The Company's strategy is to explore and develop nickel
sulphide deposits in North America, in areas where
infrastructure requirements would be minimal in order
to rapidly develop an economic nickel deposit.
The Arrow management team has tremendous nickel sulphide
experience, with a proven track record for discovery
and successful deposit delineation, in
North America and around the world.
Canadian Arrow is aggressively pursuing additional nickel
sulphide projects through acquisition and/or joint ventures.
Canadian Arrow Mines Limited is a public company which
trades on the TSX Venture Exchange under the symbol CRO.
Click here to view Canadian Arrow Mines Limited
stock performance on the TSX-V.
All quotes are delayed 15 minutes unless otherwise stated.
CANADIAN ARROW MINES LTD fazebook page
http://www.facebook.com/pages/Canadian-Arrow-Mines-tsxv-CRO/136580016409696
http://www.canadianarrowmines.com/
CRO:TSX-V share price -
http://tinyurl.com/knuo3
History repeat itself -
CRO has added great values since 2004 -
a fair market value hasn't started to reflex it yet -
with the higher metal price we should be at least 5 times higher -
its a good a start -
its a beginning - 2nd LT wave -
we are lucky to get some old
great Canadian nickel mines -
let's go after the PGM's too -
http://www.nidi.org/
Nickel historical charts -
http://www.kitcometals.com/charts/nickel_historical.html
CRO Arrow & Nickel target new highs? -
Imo. Tia.
http://nai.chineseworldnet.com/front.asp
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
http://www.vatican.va
http://tinyurl.com/365wag
Welcome to the Canadian Arrow Mines discussion board
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