Business
Amarc Financing Increased to $9.9 million
Dec. 23, 2010 (Canada NewsWire Group) -- VANCOUVER, Dec. 23 /CNW/ - Amarc Resources Ltd. (&qu...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\n\n\n\n Dec. 23, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Dec. 23 /CNW/ - Amarc Resources Ltd. ("Amarc" or the\n "Company") (TSX Venture: AHR; OTCBB: AXREF) announces that further to\n its news release on December 15, 2010that the Company has reached\n agreements in principle to increase the private placement financing\n from $7.5 million to approximately $9.9 million on the same terms. \n Approximately 47% are flow-through shares at a price of $0.80 per share\n and the remainder are non-flow through shares at a price of $0.65 per\n share. Insiders of the Company will participate. \n\n\nProceeds from the financing will be used to advance core drilling\n activities at Amarc's Newton bulk tonnage gold project and to test\n copper-molybdenum porphyry targets defined within the Plateau\n Gold-Copper Belt, located in south-central British Columbia (BC).\n\n\nAmarc Resources Ltd. is a Vancouver-based exploration and development\n company affiliated with Hunter Dickinson Inc. ("HDI") - a diversified,\n global mine development company with a 25-year history of mineral\n development success. Previous HDI projects in BC include Golden Bear,\n Mt. Milligan, Kemess, Gibraltar, Prosperity and Harmony.  From its head\n office in Vancouver, Canada, HDI applies its unique strengths and\n capabilities to acquire, develop, operate and monetize mineral\n properties to provide consistently superior returns to shareholders.\n\n\nON BEH...