28 October 2024
October 28, 2024: North Arrow Minerals Inc. (TSXV: NAR) (“North Arrow” or the “Company”) is pleased to announce that, further to the Company’s press releases dated September 3, 2024, September 17, 2024 and October 3, 2024, the Company has received final approval from the TSX Venture Exchange for both the option agreement with Rockman Resources Ltd. (“Rockman”) under which North Arrow can earn a 60% interest in the Kraaipan Gold Project, Botswana as well as the non-brokered private placement of $2,200,000, which the Company has now closed.
Ken Armstrong, President and Chief Executive Officer of North Arrow, stated “With the closing of this financing, North Arrow is fully funded to advance our Year 1 plans to evaluate the underexplored, sixty-kilometre northern extension of the Kraaipan Greenstone Belt in Botswana, a top tier jurisdiction for mining and exploration investment. Exploration activities are focused on discovery of gold mineralization within prospective iron formation units extending beneath Kalahari Desert sand cover and will benefit from Rockman’s in-country technical team and exploration technologies.”