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Pacific Arc Resources Announces Termination of Proposed Reverse Takeover with RocketFrac Cleantech
Pacific Arc Resources Announces Termination of Proposed Reverse Takeover with RocketFrac Cleantec...
About this update from Pacific Arc Resources Ltd.
[{"type":"text","content":"\n \n \n \n Pacific Arc Resources Announces Termination of Proposed Reverse Takeover with RocketFrac Cleantech\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 15, 2023\n \n \n /CNW/ -\n \n PACIFIC ARC RESOURCES LTD.\n \n (NEX: PAV.H) (\"Pacific Arc\" or the \"Company\") announces that, further to Pacific Arc's press releases of\n \n March 23, 2022\n \n , the Company and RocketFrac Cleantech have mutually agreed to terminate the proposed reverse takeover in accordance with the terms of the LOI dated\n \n March 16, 2022\n \n . The Company is currently evaluating alternative opportunities.\n \n \n On behalf of the board of Directors for Pacific Arc Resources Ltd.\n \n \n \n John MacPhail\n \n , President, CEO and Director\n \n \n \n \n Notice on Forward-Looking Information\n \n \n \n \n \n This press release contains forward-looking statements and forward-looking information (collectively, \"forward-looking statements\") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as \"may\", \"should\", \"anticipate\", \"will\", \"estimates\", \"believes\", \"intends\" \"expects\" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning the Proposed Transaction, the proposed structure by which the Proposed Transaction is to be completed, the ability of the Company and RocketFrac Cleantech to meet the conditions of the Proposed Transaction in the required timeframes, obtaining the necessary shareholder, board, exchange or regulatory approvals, including certain financial information and forecasts. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may b...