Replies to post #22 on Arrowhead Gold Corp fka AWH

[Pro-Life]

Arrowhead Gold Corp Closes Private Placement

(via company e-mail alert)

VANCOUVER, Canada December 13, 2011 – Arrowhead Gold Corp. (the “Company”) (TSXV: AWH)is pleased to announce it has closed its non- brokered private placement for gross proceeds totalling $500,000. These finances were raised by the company issuing up to 5 million units at a price of 10 cents per unit, each unit consisting of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder, on exercise, to purchase one common share for a period of two years, at a price of 15 cents.

A cash commission of 10 per cent totalling $27,050 was paid by the Company, on a portion of the gross proceeds of the offering, to the agents as consideration for arranging the offering. The Company also issued agents’ warrants, which entitle the agents to purchase up to 135,250 common shares of the Company at a price of 15 cents per share until December 12, 2013.

The securities issued pursuant to the offering, and any common shares to be issued upon the exercise of the warrants and agents’ warrants, are subject to a hold period expiring April 13, 2012.

On Behalf of the Board of Arrowhead Gold Corp.,

“Steve Smith”
President