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ArcPacific Strengthens Advisory Board, Reprices Warrants and Announces Warrant Exercise Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2022) - ArcPacific Resources Corp. ...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"ArcPacific Strengthens Advisory Board, Reprices Warrants and Announces Warrant Exercise Incentive ProgramVancouver, British Columbia--(Newsfile Corp. - March 15, 2022) - ArcPacific Resources Corp. (TSXV: ACP) (\"ACP\" or the \"Company\") is pleased to announce it is strengthening its technical team with the addition of James (Jim) Turner P.Geo., Consulting Geologist to its Advisory Board.Adrian Smith, CEO of ACP comments, \"We are pleased to welcome Jim to the team and excited to take advantage of his extensive technical experience gained through the exploration and development of copper and gold projects globally. Jim's lengthy career includes extensive experience in British Columbia and Canada, which will be a welcomed addition to our Canadian focused portfolio.\"Jim Turner's geology career has spanned more than 45 years commencing in 1974, when he worked with Cominco and Newmont Gold before forming his consultancy, TerraSat Geomatics Inc. (\"TerraSat\") in 1990. TerraSat has worked with several junior mining issuers involved in greenstone belts around the world. From 2004-2006, Jim gained valuable first-hand knowledge in Central America where he provided valuations and NI 43-101 reports for several projects. In addition to assisting ACP, Jim is advising on a gold project in South Africa, copper deposits in Namibia and British Columbia and tailings deposits in Nova Scotia, Oregon, Peru, and Costa Rica.The Company also announces that it intends to reprice an aggregate of 10,189,166 outstanding common share purchase warrants (\"Warrants\") issued pursuant to two private placements that closed on November 24, 2020 and October 23, 2021, with Warrant expiration dates of November 24, 2022 and October 23, 2023 (the \"Warrant Amendments\").The following Warrants are proposed to be repriced: Issue DateIssuance Number ofWarrantsOriginal Warrant Exercise PriceAmended Warrant Exercise PriceNovember 24, 2020Part of $0.10Unit comprised of one flow-through common share and one-half warrant2,425,000$0.15$0.0553November 24, 2020Part of $0.075Unit comprised of one common share and one-half warrant6,099,999$0.10$0.0553October 26, 2021Part of $0.075Unit comprised of one common share and one-half warrant2,776,667$0.10$0.0553October 26, 2021Part of $0.10Unit comprised of one flow-through common share and one-half warrant100,000$0.15$0.0553 The...