Arcpacific Resources Private Placement and Rickard GOLD Property Patents Transaction
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
NEWS RELEASE
TSX Ventures Exchange Symbol: ACP
November 26, 2020
ARCPACIFIC RESOURCES PRIVATE PLACEMENT AND
RICKARD GOLD PROPERTY PATENTS TRANSACTION
Vancouver, BC ‐ ArcPacific Resources Corp. (“ ACP ” or the “ Company ”) (TSX-V: ACP ) is pleased to
announce it has closed a non-brokered private place ment of flow-through units (the "FT Offering") and
non-flow-through units (the "NFT Offering") (together, the FT Offering and NFT Offering are the "Private
Placement") for combined gross proceeds of $1,400,000 as set out below.
The Company also announces that it has closed the p reviously announced purchase and sale agreement
dated November 17, 2020 (the “Purchase Agreement”) with an arm’s length Ontario based private company
(the “Vendor”) and acquired 100% of three patented land parcels totaling 500 acres (the “Claims”) directly
adjoining its Rickard Gold Mine Property (the “Rickard Property”). The Claims consist of three separate
crown patents, each of which represents “real prope rty” and includes the surface rights and the minera l
rights among other rights and benefits. The Claims are located immediately adjacent to the historic Rickard
gold mine on the Company’s Rickard Gold Property an d partially cover the westernmost extent of the
historic underground workings.
The Company made a onetime cash payment of $400,000 to the Vendor to acquire the Claims as full
consideration for a 100% interest in the patented land parcels. The Claims are subject to a 5% NSR granted
to Franco-Nevada Corporation.
Flow-Through Offering
The Company has issued 4,850,000 units (the "FT Units") at a price of $0.10 per FT Unit for gross proceeds
of $485,000. Each FT Unit consists of one flow-through common share in the capital of the Company (the
"Flow-Through Shares") and one half of one non-flow-through common share purchase warrant (with two
half warrants being a "Warrant"). Each whole Warran t will entitle the holder to purchase one additiona l
non-flow-through common share in the capital of the Company at an exercise price of $0.15 per common
share for a period of two years from the date of issuance. The Flow-Through Shares will qualify as flow-
through shares for purposes of the Income Tax Act (Canada).
The gross proceeds of the FT Offering will be used to fund exploration expenditures on the Rickard Property
and other Canadian Exploration Expenses that will q ualify as "flow through mining expenditures" as
defined in subsection 127(9) of the Income Tax Act (Canada).
Non-Flow-Through Offering
The Company has issued 12,199,999 non-flow-through units (the "Units") at a price of $0.075 per Unit for
gross proceeds of up to $915,000. Each Unit consists of one non-flow-through common share in the capital
of the Company and one half of one non-flow-through common share purchase warrant. Each whole
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Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of
the Company at an exercise price of $0.10 per commo n share for a period of two years from the date of
issuance. The proceeds of the NFT Offering will be used to fund exploration expenditures and for general
corporate purposes.
In connection with the Private Placement, the Company has paid finder’s fee of $104,000 in cash and issued
a total of 1,455,000 broker units (“Broker Units”). 435,000 Broker Units are exercisable to acquire one unit
(each a “Unit”) at a price of $0.10 per Unit. Each Unit is exercisable to acquire one common share and one-
half of one common share purchase warrant. Each whole Warrant is exercisable to acquire one additional
common share at a price of $0.15 per Warrant for a period of two years from issuance. 1,020,000 Broker
Units are exercisable to acquire one Unit at a price of $0.075 per Unit. Each Unit is exercisable to acquire
one common share and one-half of one common share purchase warrant. Each whole Warrant is exercisable
to acquire one additional common share at a price o f $0.10 per Warrant for a period of two years from
closing. All securities issued are subject to a statutory four month and one day hold period that will expire
on March 25, 2021.
The securities offered pursuant to the Private Placement have not been and will not be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of such Act.
Qualified Person
Adrian Smith, P.Geo., is a Qualified Person (“QP”) as defined by National Instrument 43-101 for the
abovementioned project. The QP is a member in good standing of the Association of Professional
Geoscientists Ontario (PGO) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed
and approved the technical information disclosed above.
About ArcPacific Resources Corp.
ArcPacific Resources Corp. (TSX-V: ACP) is a Canadi an based exploration company expanding the
exploration initiative at multiple historic past producing gold and silver mines in the Timmins Gold Camp,
Ontario, and in the Nicola Mining Division in South ern British Columbia. The Company is focused on
creating shareholder value through new discoveries and strategic development of its mineral properties.
For further information, please visit http://www.ar cpacific.ca. or contact us at: [email protected] o r
1.778.331.3816.
ON BEHALF OF THE BOARD OF DIRECTORS
/S “Adrian Smith”
CEO and Director
The forward-looking statements contained in this pr ess release are made as of the date hereof and
ArcPacific Resources Corp. undertakes no obligation s to update publicly or revise any forward-looking
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statements or information, whether as a result of n ew 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 respo nsibility for the adequacy or accuracy of this
release.