TORONTO, ONTARIO--(Marketwire - Aug. 26, 2011) -
(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)
CARRIE ARRAN RESOURCES INC. ("Carrie Arran" or the "Company") (TSX VENTURE:SCO) announces it has granted an aggregate of 250,000 options to directors and officers of the Company. Each option entitles the holder to acquire one Carrie Arran common share at an exercise price of $0.20 until August 25, 2016.
About Carrie Arran Resources Inc.
Carrie Arran's principal business is the acquisition, exploration and development of mineral properties. Since incorporation, the Company's business has focused entirely on the acquisition of the Black Creek Project, located approximately 30 km north of Kirkland Lake, Ontario, Canada. The Black Creek Project consists of 18 mineral claims covering approximately 810 hectares. For more information on the Black Creek Project, please refer to the Company's NI 43-101 compliant technical reports, "Technical Report on the Black Creek Property for Carrie Arran Resources – Black Township – Larder Lake Mining Division - Ontario" dated as of February 8, 2011 and available on SEDAR at: www.sedar.com.
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements within the meaning of Canadian securities legislation. Generally, these forward-looking statements are statements can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, stated intentions, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to assumptions discussed in the final prospectus of the Company dated March 10, 2010, relating to the Offering. The Company does not undertake to update any forward-looking statements that are contained in this press release, except in accordance with applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Contact Information:
Thomas Pladsen
President and CEO
(416) 628-5921