Business
Pacific Arc - Not Proceeding With Proposed Change of Business to Investment Issuer
(via TheNewswire) November 9, 2018 / TheNewswire / Vancouver, BC - PACIFIC ARC RE...
About this update from Pacific Arc Resources Ltd.
[{"type":"text","content":"Pacific Arc - Not Proceeding With Proposed Change of Business to Investment Issuer(via TheNewswire)\n\n \nNovember 9, 2018 / TheNewswire / Vancouver, BC - PACIFIC ARC RESOURCES LTD. (the \"Company\" or \"Pacific Arc\")) (TSXV-NEX: \"PAV.H\") announces today that further to the news release of February 5, 2018, the Company has decided not to proceed with its proposed change of business to become an investment issuer. Management and the board of directors feel that the current economic environment is not conducive to the previously proposed business and is currently evaluating other opportunities.\n\n\n \nThe Company will be providing an update in the near term with a plan that is in keeping with the shareholder mandate.\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 press 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 future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual re...