ArcPacific Clarifies Closing of Warrant Exercise Incentive Program
June 14 2022
Vancouver, British Columbia- ArcPacific Resources Corp. (TSXV: ACP) ("ACP" or the "Company") wishes to clarify the Company’s news release dated June 6, 2022, regarding the number of warrants exercised under the incentive program, (the "Program") that closed effective May 28, 2022. Under the Program, there were 2,594,667 warrants were exercised at a price of $0.0553 for gross proceeds of $143,485.08. The warrants that were not exercised under the Program (“Outstanding Warrants”) continue to entitle the holder to acquire one common share at a price of $0.0533 per common share. 1,575,000 Outstanding Warrants expire on October 27, 2023 and 6,366,999 Outstanding Warrant expire on November 24, 2022.
In all other respects, the news release of June 2, 2022 remains the same.
ABOUT ARCPACIFIC RESOURCES CORP.
ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based exploration company. ArcPacific owns 100% interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada, in the prolific Quesnel Trough which is world renowned for its copper and gold endowment. The Company also holds other highly prospective exploration projects in Canada including its Blackdome gold project where it discovered continuous gold mineralization in the first ever trenching at the project. The Company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties and is exploring additional business opportunities. For further information, please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
/s "Adrian Smith" CEO and Director
Forward-Looking Information
This news release may contain certain forward-looking information and statements, including without limitation, statements regarding exploration plans, and other future plans and objectives. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.
A description of assumptions used to develop such forward- looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law.
Readers are further advised not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Service 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 further information, please contact us at [email protected] or 1.778.331.3816.