ARK Arras Minerals Corp

Archer Petroleum Corp (TSX VENTURE:ARK)(DBFrankfurt:A6VA) ("Archer" or the
"Company") announces that, subject to regulatory approval, it has arranged a
non-brokered private placement financing (the "Financing") of up to 2,000,000
units (each, a "Unit") at a price of $0.50 per Unit for gross proceeds of up to
$1,000,000. Each Unit consists of one common share of the Company (each, a
"Share") and one-half of one share purchase warrant (each whole warrant, a
"Warrant"). One Warrant entitles the holder thereof to purchase one additional
Share of the Company at a price of $0.75 per Share for the first year after
closing of the Financing and at a price of $1.00 per Share for the second year
after closing of the Financing. 


The proceeds of Financing will be used for general working capital. 

Finders' fees may be payable in accordance with the policies of the TSX Venture
Exchange. 


About Archer Petroleum: 

Archer Petroleum Corp. is an independent energy company focused on exploration
and development in North America. The Company's shares are listed on the TSX
Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under
"A6VA". Further information on Archer can be found on the company's website at
www.archerpetroleum.com. 


ON BEHALF OF ARCHER PETROLEUM CORP.

Colin Bowkett, Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Archer Petroleum Corp.
Colin Bowkett
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com

Arras Minerals (TSXV:ARK)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Arras Minerals (TSXV:ARK)
Historical Stock Chart
Von Jun 2023 bis Jun 2024