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| | April 13, 2010
Arco Retains Ascenta Capital Partners for Investor Relations
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| | April 13, 2010: Vancouver, B.C.: Arco Resources Corp. (TSX-V: ARR) ("Arco" or the "Company") is pleased to announce it has retained Ascenta Capital Partners Inc., of Vancouver, British Columbia, to provide investor relations services.
Ascenta will receive a monthly retainer of $6,000 for a 6-month term with an additional 6 months at $2,500 per month. Arco will also issue, as compensation to Ascenta, an option to purchase 200,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$0.10 per share and are subject to regulatory approval. Marshall Farris and Jason Cubitt, both co-owners of Ascenta Capital Partners Inc., currently own, or beneficially own, a total of 700,000 shares and 600,000 warrants in Arco Resources Corporation.
About Ascenta Capital Partners Inc.
Ascenta is a leading provider of investor relations services to public companies in Canada. Since 2000, Ascenta has been assisting public companies with investor relations and corporate communications. Its team has worked for companies ranging from micro and midcap resource and technology companies to Fortune 500 multinationals.
About Arco Resources
Arco holds a 100% interest in six mineral claim blocks and the right to acquire 100% of a seventh, all located in the State of Oaxaca, Mexico. The Company has two 43-101 compliant projects, the Lachiguiri project (Ag,Pb,Zn) and the Tres Hermanas project (Ag,Pb,Zn). In addition the Company has begun to focus its efforts on its Taviche and newly-acquired Predilecta claim blocks, each of which have had historical production of gold and silver. The Company currently has an agreement in principle to option a 100% interest in its Lachiguiri, Silacayoapan and Nino Perdido properties to Silex Ventures Ltd.
For further information on the Company please go to www.arcoresources.com.
Or contact Ian Tootill, Director of Investor Relations, 604 639 2866 ext 110. ian@arcoresources.com . Find Arco Resources on Facebook.
On behalf of the Board of Directors of Arco Resources Corp.
"Warren McIntyre"
Warren McIntyre
President and Chief Executive Officer
Arco Resources Corp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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