Not for dissemination in the US or to US wire services
Surrey, British Columbia, Canada /January 10, 2012/ CNSX:AAF/ ARRIS HOLDINGS INC. (“Arris”or the “Company”) is pleased to announce that, further to our news release of January 4, 2013, the private placement of 2,000,000 units at a price of $0.75 per unit (the “Units”) is now closed and the Company has raised $150,00.00 CDN to be used for general working capital purposes. Each unit consists of one common share in the equity of the Company and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two years from the date of completion of the private placement. The shares will be subject to a statutory holding period.
No finder’s fees will be paid will paid in connection with this financing.
Further information regarding the Company can be found on SEDAR at www.SEDAR.com and by viewing the CNSX
On behalf of the Board of Directors
Tel.: (604) 592-6881
This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or unless an exemption from such registration is applicable.
Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Ona Power Corp., including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release