Ross J. Beaty

April 01, 2015 19:15 ET

News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 1, 2015) - Ross J. Beaty, of 1550 - 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced that on April 1, 2015 he acquired ownership of 9,000,000 units (the "Units") of Arena Minerals Inc. (the "Corporation") at a purchase price of CDN$0.10 per Unit for an aggregate purchase price of CDN$900,000. Each Unit is comprised of one common share in the capital of the Corporation (a "Common Share") and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant is exercisable into one Common Share for a period of 24 months from issuance at an exercise price of CDN$0.15. Mr. Beaty acquired ownership through a private placement transaction in reliance on the accredited investor exemption set out in section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions.

Mr. Beaty owns 9,000,000 Common Shares and 4,500,000 Warrants. The 9,000,000 Common Shares represent approximately 11.9% of the total number of issued and outstanding Common Shares. If all of Mr. Beaty's Warrants were exercised, Mr. Beaty would own approximately 16.8% of the then issued and outstanding Common Shares.

Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may, in the future, acquire ownership and control over additional securities of Arena Minerals Inc. for investment purposes.

Contact Information

  • For more information, or to obtain a copy of the subject
    early warning report, please contact: Ross J. Beaty
    (604) 684-1175
    (604) 684-0147 (FAX)