North Arrow Minerals Inc. (NAR: TSXV) is pleased to report the addition of $358,688 to its working capital through the exercise of 2,391,250 warrants. The warrants were issued in connection with private placements completed in July 2007. The remaining 733,750 warrants issued in relation to these financings have expired unexercised.
North Arrow is currently focused on evaluating several lithium exploration opportunities in North America, including the Phoenix lithium project in the Northwest Territories where an early August drill program will test the Big Bird lithium pegmatite. North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, P.Geol. (NT&NU), Vice President, Exploration for North Arrow and a qualified person under NI 43-101.
North Arrow Minerals Inc.
/s/ "D. Grenville Thomas"
D. Grenville Thomas
President and CEO
For further information, please contact:
D. Grenville Thomas
President and CEO
Tel: 604-668-8355
Email: [email protected]
Gordon Clarke
Vice President, Exploration
Tel: 867-873-8483
Website: www.northarrowminerals.com
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.
