Arak Resources wishes to announce, subject to Exchange approval, a non-brokered private placement of up to 4,643,000 Units at a price of $0.14 per Unit. Each Unit of the private placement consisting of one, post-consolidated common share and one, five year share purchase warrant entitling the holder to purchase an additional post-consolidated common share at a price of $0.18 per share until expiry. Gross proceeds of
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