07:16:32 EDT Fri 14 Aug 2020
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Pacific Arc Resources Ltd (2)
Symbol PAV
Shares Issued 16,578,710
Close 2020-03-11 C$ 0.16
Recent Sedar Documents

Pacific Arc Resources closes $170,000 private placement

2020-03-12 16:10 ET - News Release

Mr. John MacPhail reports

PACIFIC ARC CLOSES $170K FINANCING

Further to its press release dated Jan. 14, 2020, Pacific Arc Resources Ltd. has closed its non-brokered private placement of one million common shares at a price of 17 cents, raising gross proceeds of $170,000.

Cash 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.

The net proceeds from the private placement will be used for general corporate purposes and other general/administrative expenses, including legal and accounting fees, that the company estimates it will incur as it reviews business opportunities.

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