May 2 (Reuters) - North Arrow Minerals Inc NAR.V -
* North Arrow announces non-brokered c$5 million private placement financing
* Company has arranged to complete a non-brokered private placement of up to 20 million units at a price of c$0.25 per unit
* North Arrow Minerals- net proceeds of private placement will be used to fund continued evaluation of north arrow's canadian diamond exploration properties Source text for Eikon: ID:nCCN3Wjm8b Further company coverage: NAR.V