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VANCOUVER, BC--(Marketwired - May 18, 2017) - North Arrow Minerals Inc. (TSX VENTURE: NAR) (the "Company") is pleased to announce it has closed the non-brokered private placement announced on May 2, 2017. The Company has issued 20,000,000 units at a price of C$0.25 per unit (the "Units") for aggregate proceeds of C$5,000,000. Each Unit issued under the private placement consisted of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at a price of C$0.40 for a period of three years up to May 18, 2020. |
