Business
Pacific Arc Closes $170k Financing
(via TheNewswire) Vancouver, BC - TheNewswire - March 12, 2020 - PACIFIC ARC RESOU...
About this update from Pacific Arc Resources Ltd.
[{"type":"text","content":"Pacific Arc Closes $170k Financing(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - March 12, 2020 - PACIFIC ARC RESOURCES LTD. (the \"Company\" or \"Pacific Arc\") (TSXV-NEX:PAV.H) is pleased to announce that further to its press release dated January 14, 2020, it has closed its non-brokered private placement (the \"Private Placement\") of 1,000,000 common shares at a price of $0.17 raising gross proceeds of $170,000.\n\n\n \nCash finders' fees to arm's length parties totalling $1,610 were paid on a portion of the Private Placement. The shares issued under the Private Placement will be subject to a four-month hold period which expires on July 13, 2020.\n\n\n \nNet proceeds from the private placement will be used for general corporate purposes and for other general and administrative expenses, including legal and accounting fees, that the Company estimates it will incur as it reviews business opportunities.\n\n \n \nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n \nPACIFIC ARC RESOURCES LTD.\n\n \n \ns/ \"John MacPhail\"\n\n\n \nJohn MacPhail, President, CEO and Director\n\n \n \nFor further information, please contact:\n\n \n \nJohn MacPhail, President, CEO & Director\nPhone: (778) 688-7411\n\n\n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\n \nCaution Concerning Forward-Looking Information\n\n\n \nThis news release contains \"forward-looking information\" and \"forward-looking statements\" within the meaning of applicable securities laws, including statements regarding the future strategy of the Company and the possible approvals of matters by shareholders of the Company. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as \"may\", \"will\", \"should\", \"anticipate\", \"plan\", \"expect\", \"believe\", \"estimate\", \"intend\" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of futu...