ArcPacific Resources Corp. Arranges Private Placement and Completes Shares for Debt
ARCPACIFIC RESOURCES CORP .
1001 – 1166 Alberni St. Vancouver, BC Canada V6E 3Z3
Tel: 1-778-331-3816 Fax: 1-604-685-5120
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMATION IN THE
UNITED STATES
NEWS RELEASE
TSX Venture Exchange Symbol: ACP
January 17, 2020
ArcPacific Resources Corp. Arranges Private Placement and Completes Shares for Debt
Vancouver, BC – ArcPacific Resources Corp. (“ACP” or “the Company”) (TSX-V: ACP) is pleased to announce that
further to its press release of November, 18, 2019, whereby the Company announced the expansion of its resource business
through the potential participation in a key new liquefied natural gas (LNG) project development in North America , ACP
intends to raise further capital of up to $700,000, by way of a non- brokered private placement (the “Offering”) of units
(“Units”) at $0.07 per Unit. Each Unit consists of one common share (a “Common Share”) of the Company and one half of
one warrant (a “Warrant”) of the Company to purchase one Common Share. Each whole Warrant entitles the holder to
purchase one Common Share within two years from the Closing Date (as hereinafter defined) of the Offering at a price of
$0.12 per Common Share.
As part of this non-brokered financing, the Warrants are subject to an acceleration clause. This clause states that if, four
months and one day after the Warrants are issued, the closing price of the common shares of the Company, on the principal
market on which such shares trade, is equal to, or exceeds, $0.24 for 10 consecutive trading days (with the 10th such trading
date hereafter referred to as the “Eligible Acceleration Date”), the Warrant expiry date shall accelerate to a date 20 calend ar
days after issuance of a press release by ACP announcing the accelerated Warrant term — provided, no more than five
business days following the Eligible Acceleration Date, that the press release is issued; and written notices are sent to all
Warrant holders.
The Offering is being made pursuant to certain Canadian prospectus exemptions, including the “existing securityholder”
exemption and “purchasers advised by investment dealers” exemption, where applicable. Both the “existing securityholder”
and “purchasers advised by investment dealers” exemptions are collectively referred to as the “Existing Securityholder and
Retail Investor Exemptions”. Existing shareholders of ACP who wish to subscribe for Units pursuant to the Offering, who
held common shares of ACP as of January 16, 2020, and who continue to hold common shares of ACP, and who are
permitted to subscribe under the Existing Securityholder and Retail Investor Exemptions should contact the Company
pursuant to the contact information set forth below in order to participate in the Offering. There are no other material facts or
material changes regarding the Company that has not been generally disclosed.
The closing for the Offering is expected to close on or about February 17, 2020 (the “Closing Date”), but may close earlier
or later or not at all. Finder’s fees may be paid on part of the financing. Closing of the Offering is also subject to TSX
Venture final acceptance.
In addition, further to the press release dated December 11th, 2019, the Company amended the amount of debt to be settled
and has issued 3,136,000 shares at $0.05 per share to settle $156,800 in debt with various creditors. The hold period for these
shares expires on May 17th, 2020.
ARCPACIFIC RESOURCES CORP .
About ArcPacific
ArcPacific Resources Corp. (TSX-V: ACP) is a Canadian based company with a project generator business model. Although
the Company’s primary business focus since formation has been the exploration of mineral properties, it is now seeking new
business opportunities th at offer the potential for near term cash flow to create shareholder value. For further information,
please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
/S/’Ruben Verzosa”
CEO and 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 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 1.778.318.3816.