SOURCE: Amarok Resources Inc.

April 27, 2010 13:55 ET

Amarok Completes Additional USD $1,000,000 Financing

RANCHO SANTA MARGARITA, CA--(Marketwire - April 27, 2010) -  Amarok Resources Inc. (OTCBB: AMOK) (the "Company" or "Amarok") is pleased to announce it has completed a private placement in the amount of USD $1,000,000. The financing consisted of 1 million units at a price of $1 per unit for total proceeds of USD $1,000,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $1.25 per share for an 18 month period expiring October 21, 2011. The proceeds of the private placement will be used for continued property development, new project evaluation and working capital. This financing is in addition to the USD $1,000,000 completed by Amarok in February of this year.

Amarok Resources is a US based exploration and development Company, focusing on the acquisition and development of Gold and Silver projects which demonstrate high probability for near term production. Amarok is a fully reporting public company quoted on the OTCBB under the symbol AMOK.

Statements released by Amarok Resources, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Visit the Amarok Resources, Inc. web site at www.amarokresources.com. Information included on the Company's website is not incorporated herein by reference or otherwise.

Contact Information

  • For additional information please contact:

    Amarok Resources, Inc.
    30021 Tomas Street, Suite 300
    Rancho Santa Margarita, CA 92688
    Telephone: 949-682-7889
    Email: info@amarokresources.com