Amarok Completes USD $1,000,000 Financing
October 27 2010 - 1:34PM
Marketwired
Amarok Resources Inc. (OTCBB: AMOK) Amarok
Resources Inc. (the "Company" or "Amarok") is pleased to announce
it has completed a private placement in the amount of USD
$1,000,000. The financing consisted of 2 million units at a price
of $0.50 per unit for total proceeds of USD $1,000,000. Each unit
consists of one common share and one share purchase warrant. Each
warrant entitles the holder to purchase an additional common share
at a price of $0.75 per share for an 18 month period expiring April
26, 2012. The proceeds of the private placement will be used for
continued property development, new project evaluation and working
capital.
Amarok Resources is a US based exploration and development
Company, focusing on the acquisition and development of Gold and
Silver projects which demonstrate high probability for near term
production. Amarok is a fully reporting public company quoted on
the OTCBB under the symbol AMOK.
AMOK encourages those interested in our Company to rely only on
information included in our filings with the United States
Securities and Exchange Commission which can be found at
www.sec.gov. Statements released by Amarok Resources, Inc. that are
not purely historical are forward-looking within the meaning of the
"Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995, including statements regarding the company's
expectations, hopes, intentions, and strategies for the future.
Investors are cautioned that forward-looking statements involve
risk and uncertainties that may affect the company's business
prospects and performance. The company's actual results could
differ materially from those in such forward-looking statements.
Risk factors include but are not limited to general economic,
competitive, governmental, and technological factors as discussed
in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K.
The company does not undertake any responsibility to update the
forward-looking statements contained in this release.
Visit the Amarok Resources, Inc. web site at
www.amarokresources.com. Information included on the Company's
website is not incorporated herein by reference or otherwise.
For additional information please contact: Amarok Resources,
Inc. 30021 Tomas Street, Suite 300 Rancho Santa Margarita, CA 92688
Telephone: 949-682-7889 Email: info@amarokresources.com
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