Pacific Arc Resources Ltd. Announces Non-Brokered Private Placement
Summary
The securities issued in connection with the Private Placement will be subject to a four month hold period, in accordance with applicable securities laws.The Company intends to use the proceeds to satisfy outstanding accounts payable and for general working capital.Pacific Arc is a reporting issuer in the Provinces of British Columbia, Alberta, and Ontario incorporated under the BCBCA. The common shares of PAV 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.This 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. These risks and uncertainties include, but are not limited to: the financial markets generally, the results of the due diligence investigations to be conducted by the Company, the ability of the Company to complete the Transaction or the Offering or obtain requisite TSXV acceptance and, if applicable, shareholder approvals. The Company undertakes no obligation to update forward-looking statements if circumstances or managements estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253036