Aronos, numbered company negotiate private placement

A numbered company has agreed to a private placement of up to one million units of Aronos Multinational (CDN).

The numbered company has agreed to purchase a minimum of 500,000 units, each of which consists of one common share and one-half a warrant. Under the agreement the share price is 40 cents and one warrant is exercisable within 18 months at 60 cents per share.

Proceeds of the placement, a minimum of $200,000, will be used to augment working capital and fund exploration at Aronos’ San Martin gold project at Sonora, Mexico. Exploration and bulk sampling are expected to resume on the property in October.