By Devika Patel
Knoxville, Tenn., Dec. 18 - Amarc Resources Ltd. said it plans a C$5 million private placement of stock.
The company will sell 10 million common shares at C$0.50 apiece. About 50% of the shares will be flow-through shares.
Proceeds will be used for exploration.
Amarc is a Vancouver, B.C.-based mineral exploration and development company.
| Issuer: | Amarc Resources Ltd.
|
| Issue: | Flow-through common shares, common shares
|
| Amount: | C$5 million
|
| Shares: | 10 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Pricing date: | Dec. 18
|
| Stock symbol: | TSX Venture: AHR
|
| Stock price: | C$0.53 at close Dec. 18
|
| Market capitalization: | C$38.6 million
|
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