Artha Resources Corporation

Artha Resources Corporation

August 27, 2010 17:29 ET

Artha Announces Private Placement of up to $500,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2010) - Artha Resources Corporation (TSX VENTURE:AHC) announces that it will carry out a private placement for up to $500,000 through the sale of up to 4,545,455 units of the Company at a price of $0.11 per unit. Each unit will consist of one common share of the Company and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company upon payment of the exercise price of $0.25 within 24 months from the closing date of the private placement. The private placement is subject to the acceptance of the TSX Venture Exchange.

The Company also announces the amendment of the expiry date of 4,331,286 share purchase warrants from September 6, 2010 to December 31, 2011. Pursuant to the Company's news release dated September 2, 2009, the warrants were previously amended from $0.65 per share to $0.25 per share. 

In accordance with the policies of the TSX Venture Exchange, the amended warrants will be subject to a 30 day forced exercise period if the closing price of Artha's common shares exceeds $0.31 for any 10 consecutive trading days. The 30 day forced exercise period will commence 7 days from the end of the consecutive 10 trading days. On expiry of the forced exercise period, any warrants that have not been exercised will expire. 

About Artha

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The Company's principle exploration target adjoins Silver Standards Pirquitas Mine, one of the largest primary silver mines in the world located in the province of Jujuy in NW Argentina. Artha is one of the largest mineral explorers in this region with over 900 square kilometers of properties prospective for silver, gold, base metals and rare earths.

On Behalf of the Board of Directors,

Todd McMurray

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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