Transaction Announcement
A transaction securing the growth of Arrowmark LLC
April 10th 2013 - Big Ben Venture Partner AB, a private
advisory firm announced today that the Arrowmark LLC a
mining and exploration company is entering a USD
$20,000,000 Equity Line Funding.
Arrowmark’s President and CEO, Larry T. Sorenson: "This
funding agreement will be instrumental in the launching
of our mining operations. This partnership is an
important step forward for Arrowmark’s establishment and
expansion in the U.S."
In a first step Arrowmark’s intend to use these funds to
conclude a reverse take-over (reverse-merger) with a
publicly listed shell company and in a second step to
provide operating capital to further develop Arrowmark’s
U.S. gold mining operations. Arrowmark’s stock will be
publicly traded within the next 3-6
months. The funding structure is a 3-year facility.
Arrowmark LLC is a U.S. mining company ready to commence
mining operations in Utah, USA. The Company is able to
mine approximately 15,000,000.00 tons of ore after
reviewing the cumulative ore body data that has been
prepared over the last five years.
Big Ben Venture
Big Ben is a qualified partner with more than 20 years
experience in raising capital, with offices in
Toronto, Stockholm, Winnipeg, and Detroit.
The information contained
herein is for informational and discussion purposes
only and is not intended to be, nor shall it be,
construed as legal, tax or investment advice or as
an offer, or the solicitation of any offer, to buy
or sell any securities. Before entering into any
investment you should thoroughly review the
respective transaction documents with your legal,
tax and investment advisors.
|
|
|
Arrowmark
|
|
|
$20,000,000
Equity Line Facility
Common stock
April 10, 2013
|
Transaction
Overview
|
- Arrowmark
may, at its sole and exclusive
option, periodically sell to the
investor shares of its common
stock, SEK 0.01 par value per
share (the "Common Stock") for a
total purchase price of up to
twenty million dollars
($20,000,000)
- For
each share of Common Stock
purchased the investor will pay to
the Company seventy-five (75%) of
the lowest daily volume weighted
average price of the Common Stock
during the 15 consecutive trading
days following delivery by the
Company of an advance notice. Such
advance will not exceed more than
250% of the average daily trading
volume.
- Proceeds
to be used to purchase mining
equipment and for additional
flexibility to fund the growth
strategy
|
|
|
|