ArcPacific Resources Corp. Announces Second Closing of Non-Brokered Private Placement
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 27th, 2020
ArcPacific Resources Corp. Announces Second Closing of Non-Brokered Private Placement
Vancouver, BC – ArcPacific Resources Corp. (“ACP” or “the Company”) (TSX-V: ACP) is pleased to announce the second,
and final, closing of its non-brokered private placement (the “Offering”) of 4,160,000 units of the Company at $0.05 per unit
for gross proceeds of $ 208,000 pursuant to the news release s dated on November 18 th 2019 and December 11 th 2019. Each
unit consists of one common share of the Company (a “Common Share”) and one half of one warrant of the Company with a
whole warrant entitling the holder to purchase one Common Share at $0.10 for a period of two years , subject to acceleration
in certain events. The units are subject to a four month hold period expiring May 25, 2020. Accordingly, the total number of
units sold by the Company at the first and second closings of the Offering is 6,760,000 units for aggregate gross proceeds of
$338,000.
The Company will continue to further raise up to $700,000 by way of a non-brokered private placement pursuant to the news
release dated on January 17th, 2020. This transaction is subject to TSX Venture final acceptance.
As announced on November 18 th 2019, ACP is pursuing the expansion of its resource business through the potential
participation in a key new liquefied natural gas (LNG) project development in North America.
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 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 1.778.331.3816.