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Pacific Arc Resources Inc. Update on Previously Announced Private Placement and Resignations
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Pacific Arc Resources Ltd. (TSXV: ...
About this update from Pacific Arc Resources Ltd.
[{"type":"text","content":"Pacific Arc Resources Inc. Update on Previously Announced Private Placement and ResignationsVancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Pacific Arc Resources Ltd. (TSXV: PAV.H) (\"Pacific Arc\" or the \"Company\") announces that further to its announcement of January 8, 2025, of a non-brokered private placement at $0.015 that as of this date the company has not received any funds or closed any portion of the placement.Further the Company announces that it has received the resignations of Mr. Rafael Danon in his position of Chairman of the Board of directors as well as his seat on the board of directors and by Mr. Alex McAulay in his position as CFO.The Company is actively seeking replacements for the positions and will provide updates as soon as possible.About Pacific Arc Resources Inc.Pacific Arc is a reporting issuer in the Provinces of British Columbia, Alberta, and Ontario incorporated under the BCBCA. The common shares of the Company are listed for trading on the TSXV NEX board under the symbol \"PAV.H\".Neither the 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.For more information please contact:John MacPhail, President, CEO & Director, Phone: +34 677 38 41 68This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company and B.C. Ltd. have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws unless pursuant to an exemption from such registration.Cautionary Note Regarding Forward Looking StatementsThis news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as \"expects\" or does not expect\", \"is expected\", anticipates\" or \"does not anticipate\" \"plans\", \"esti...