Amarc Completes $1.5 Million Financing.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 15, 2004 Ronald W. Thiessen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amarc Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: AHR AHR Aryl Hydrocarbon Receptor AHR American Historical Review (Journal of the American History Association) AHR Anchor AHR airway hyper-responsiveness AHR Assisted Human Reproduction AHR Air-Conditioning Heating Refrigeration ) is pleased to announce that Amarc has completed the financing announced on January 29, 2004, comprising 2,000,000 units for gross proceeds of $1.5 million. Each unit consists of one common share and a share purchase warrant exercisable to purchase an additional common share for a one year period. The common shares in the units and the shares issuable on exercise of the warrants will be subject to a four month resale restricted period. The Company's proposed investment in American Bullion Minerals Ltd. that was also announced in January will not proceed as Court approval was not secured. The financing funds will be re-directed to work on the Company's recent acquisitions and developing new plays for the discovery of major new mineral deposits in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . With a current working capital position of $13.5 million, Amarc is well positioned to achieve this goal. ON BEHALF OF THE BOARD OF DIRECTORS Ronald W. Thiessen, President & CEO No regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained in this news release. |
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