Pacific Arc Resources proposes C$50,000 private placement at C$0.05/share
Reuters2026/08/05 21:34- Pacific Arc Resources plans a non-brokered private placement of up to 1,000,000 common shares at CAD 0.05 each.
- Gross proceeds could reach CAD 50,000; the financing may close in multiple tranches, subject to TSX Venture Exchange acceptance.
- Net proceeds are earmarked for general working capital; no finder’s fees or commissions are expected.
- Insiders may participate; shares issued will face a four-month-and-one-day statutory hold period.
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