Business
ArcPacific Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - ArcPacific Resources Corp. (T...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"ArcPacific Announces Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - ArcPacific Resources Corp. (TSXV: ACP) (FSE: P21P) (OTC Pink: ACPRF) (\"ArcPacific'' or the \"Company\") announces that it will be consolidating all of the issued and outstanding common shares (\"Common Shares\") of the Company on the basis of one (1) post-consolidation Common Share for each ten (10) pre-consolidation Common Shares (the \"Consolidation\"). The effective date and trading of the Common Shares on a post-Consolidation basis on TSX Venture Exchange (the \"TSXV\") will be December 15, 2022. The Company's name and trading symbol will remain unchanged. The new CUSIP number is 039662200 and the ISIN number is CA0396622007. The Consolidation is expected to result in the number of issued and outstanding Common Shares being reduced from 71,467,840 pre-consolidation Common Shares to approximately 7,146,784 post-Consolidation Common Shares. The exercise or conversion price of warrants and stock options, and the number of Common Shares issuable thereunder will also be proportionately adjusted upon the completion of the Consolidation. No fractional shares will be issued as a result of the Consolidation. All fractions of Common Shares will be rounded down to the next lowest whole number. No cash consideration will be paid in respect of fractional shares. The Consolidation is subject to the receipt of all required regulatory approvals, including the approval of the TSXV. About ArcPacific Resources Corp.ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based exploration company. ArcPacific owns 100% interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada, in the prolific Quesnel Trough which is world renowned for its copper and gold endowment. The Company also holds other highly prospective exploration projects in Canada including its Blackdome gold project where it discovered continuous gold mineralization in the first ever trenching at the project. The Company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties and is exploring additional business opportunities. For further information, please visit http://www.arcpacific.ca.ON BEHALF OF THE BOARD OF DIRECTORS/s \"Adrian Smith\" CEO and DirectorForward-Looking InformationThis news ...