Artha Resources Corporation

Artha Resources Corporation

December 03, 2010 15:08 ET

Artha Closes $3,000,000 Placement for Argentina Mineral Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2010) - Artha Resources Corporation (TSX VENTURE:AHC) announces that it has completed a private placement for $3,000,000 through the sale of 20,000,000 units of the Company at a price of $0.15 per unit. Each unit consists 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 $0.30 within 24 months from the closing date of the private placement. The securities are subject to a four month hold period. 

About Artha

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. One of the Company's principle exploration projects adjoins Silver Standard's Pirquitas Mine, one of the largest primary silver mines in the world. Artha is one of the largest mineral explorers in the region with over 1500 square km of properties highly 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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