TSX-V: ABR
FRANKFURT: 432
WKN:A2PX21

Arbor Metals Commences Work Program at Rakounga Gold Project, West Africa and Announces Financing

September 8, 2020 – Vancouver, British Columbia – Arbor Metals Corp. (the “Company”) (TSXV: ABR) is pleased to announce that it has commenced preliminary work at its Rakounga Gold Project (the “Project”), located in Burkina Faso, West Africa. Initial work consists of a survey and sampling program designed to identify potential gold mineralization extending from the Project’s northern boundary southwest from the Bouboulou 1 mineral showing. This initial work will enhance the geochemical understanding of the Project and assist in targeting areas for follow-up drilling.

Based on encouraging initial indications from the field crew, the board of director have decided to commence planning of the next stage of exploration, to follow up on the current program. As a result, the Company has elected to bring to market a financing up to $3,000,000 by way of non-brokered private placement, at a price of $1.90 per share.

Proceeds from the Offering will be utilized to support drilling work at the Project following completion of the initial survey, and for general working capital purposes. The Company may pay commissions to eligible parties introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the Offering remains subject to approval of the TSX Venture Exchange. 

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