Business
Pacific Arc Proposes Change of Business to Investment Issuer
(via TheNewswire) Vancouver, BC / TheNewswire / February 5, 2018 - PACIFIC ARC RESOURCES L...
About this update from Pacific Arc Resources Ltd.
[{"type":"text","content":"Pacific Arc Proposes Change of Business to Investment Issuer(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / February 5, 2018 - PACIFIC ARC RESOURCES LTD. (the \"Company\") (TSXV-NEX: \"PAV.H\") is pleased to announce a proposed change of its business from mineral exploration to an investment company (the \"Proposed COB\") under the rules of the TSX Venture Exchange (the \"TSXV\"). \n\n \n \nUnder the new strategy, the Company will utilize its extensive industry contacts and internal expertise to build a portfolio of high-quality investments. Upon completion of the Proposed COB, the Company's primary focus will be to seek superior returns by making investments in equity, debt or other securities of publicly traded or private companies or other entities as well as direct ownership stakes in projects. Types of investments include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles selected to create the best value and return for the shareholders while limiting downside risk.\n\n \n \nThe Company intends to complete a private placement of $11 million by issuing units in the capital of the Company. Full details of the funding will be announced when details become available.\n\n \n \nIn connection with the Proposed COB, the Company will adopt an investment policy (the \"Investment Policy\") to govern its investment activities and investment strategy. The Investment Policy provides, among other things, that: (a) the Company's objective as an investment company is to enhance Shareholder value over the long term on a per share basis; (b) the Company will seek to accomplish this objective by making use of the experience, expertise and opportunity flow of its management and Board to opportunistically make investments in situations that the Company believes will provide superior returns over the long term; and (c) investments may include, without limitation, the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets, in each case that the Company believes will enhance value for the shareholders over the long-term.\n\n \n \nAll investments considered by the Company will be subject to rigorous analysis ...