TSX-V: ARL
/NOT FOR DISTRIBUTION TO
Trading in the Company's common shares ("Common Shares") on the TSXV is expected to resume at market open on
As of the date hereof, the Company has issued and outstanding, a total of: (i) 21,740,000 Common Shares; (ii) 1,650,000 stock options exercisable to purchase Common Shares; (iii) 247,500 Finder's Warrants (as defined herein) exercisable to purchase Common Shares; and (iv) 280,000 agent's options exercisable to purchase Common Shares granted to the agent in the Company's initial public offering.
Certain of the Common Shares are subject to escrow restrictions including: (i) 13,000,000 Common Shares subject to release under the CPC Escrow Agreement (as such term is defined in the Filing Statement), with a first release of 25% as of the date of the Exchange Bulletin.
On
The Company's current principal business is the development and exploration of the Homathko Property is located in the
For further details with respect to the Homathko Property, please refer to the Company's National Instrument 43-101 - Standards of Disclosure for Mineral Products Technical Report filed on SEDAR+ and available at sedarplus.ca.
Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the contents of this news release.
Neither the Exchange nor its Regulation Service Provider (as defined policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in
This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the risk factors discussed in the Filing Statement which are incorporated herein by reference and are available through SEDAR+ at www.sedarplus.ca. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
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