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Amarc Resources Ltd.
Amarc Completes $500,000 Financing - BC Exploration Update
March 14th, 2009
Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV: AHR; OTCBB: AXREF) announces that, further to its press release dated December 19, 2008, the Company has completed the previously announced private placement financing and has issued 5,000,000 equity units (the "Units") at a price of $0.10 per Unit for gross proceeds of $500,000. Each Unit consists of a flow-through common share and a non-flow-through warrant (a "Warrant"). Each Warrant is exercisable to purchase an additional common share at a price of $0.10 for a 24 month period. The Units are subject to a four month hold period under applicable Canadian securities legislation. Proceeds from the offering will be...
Source: Law & Health Weekly (2009-03-14)
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