Exhibit 99.2
ARRIS RESOURCES INC.
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1250 West Hastings Street | |
Vancouver, BC V6E 2V4 | CNSX: AAS |
Tel: 604-687-0879 Fax: 604-408-9301 | FSE: IGN3 |
info@arrisresources.com | OTCBB: ARRR.F |
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NEWS RELEASE | FOR IMMEDIATE RELEASE |
ARRIS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF CAD $600,000
VANCOUVER, British Columbia, Canada /November 16th, 2009/ -- Arris Resources Inc. ("Arris") is pleased to announce that it plans to issue 1 million pre-split shares at $0.60 each. The proceeds of this private placement will be mainly for the company’s newly created business unit as it prepares for the worldwide commercial launch of its software for use by the retail investor/ trader population from which it expects to generate recurring subscription revenues.
The company will pay when appropriate and subject to regulatory approval a finder’s fee of 9 percent in shares at the issue price and 9 percent in finder’s warrants exercisable at the same price for a period of 12 months.The securities to be sold under this placement will not be offered to US investors.
ON BEHALF OF THE BOARD OF DIRECTORS
"Lucky Janda"
Lucky Janda
President
This news release may contain certain forward-looking statements that reflect the current views and/or expectations of management of Arris Resources with respect to its performance, business and future events. All statements, other than statements of historical fact included in this press release, including, without limitation, statements regarding potential mineralization and exploration results, forecasts of future costs and expenditures, evaluation of market conditions, the outcome of legal proceedings, the adequacy of reserves and the timing and future plans, actions, objectives and achievements of Arris Resources, are forward-looking statements. All forward-looking statements involve various risks and uncertainties. There can be no assurance that such forward-looking statements will provide to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking state ments. Important factors that could cause actual results to differ materially from Arris Resources' expectations include, without limitation, fluctuations in commodity prices and currency exchange rates; uncertainty of estimates of capital and operating costs; production estimates and estimated economic return; uncertainties involved in disputes and litigation; the need to obtain additional financial to develop properties and uncertainty as to the availability and terms of future financings; actions by government authorities, including changes in government regulation; the potential need for cooperation of government agencies and First Nations groups in the exploration, permitting and development of Arris Resources' properties; the possibility of adverse developments in financial markets generally; future decisions by management in response to changing conditions; the possibility of delay in permitting, exploration, development or construction programs; uncertainties as to permit and approval requireme nts and meeting project milestones; the ability to execute prospective business plans; natural phenomena; and misjudgments in the course of preparing forward-looking statements. These risks, as well as others, could cause actual results and events to vary significantly. Arris Resources does not undertake any obligation to release publicly any revision for updating any voluntary forward-looking statements.
