Arcpacific Announces Non-Brokered Private Placement
1001 - 1166 Alberni Street. Vancouver, BC Canada V6E 3Z3 Tel: 1-778-331-3814 Fax: 1-604-685-5120
ARCPACIFIC ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia – June 25, 2018 – ArcPacific Resources Corp. (the “Company” or “ArcPacific”) (TSX-V: ACP) announces that it has arranged a non-brokered private placement of 2,000,000 common shares ("Shares") at a price of $0.05 per Share for gross proceeds of $100,000 (the "Financing").
Proceeds of the Financing will be used for general working capital. Securities issued as a result of the Financing will be subject to a statutory hold period expiring four months and one day from closing.
The Financing is subject to the approval of the TSX Venture Exchange.
About ArcPacific
ArcPacific is a Canadian-based company seeking mineral properties with strong exploration potential. Although the Company’s primary business has been the exploration of mineral properties, it will consider other opportunities that offer the potential for near term cash flow. For further information about the Company, please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Collin Kim”
Director
The forward-looking statements contained in this press release are made as of the date hereof and ArcPacific Resources Corp. undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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 press release.
AC/6143083.1