Owner
Post by Franko10 ™ on Oct 15, 2005 7:43:36 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.goldenarchresources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
1102004
NEWS RELEASE
March 3, 2005 - Vancouver, BC. Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce a private placement of 9,425,000 Units at $0.20 per Unit for total proceeds of $1,885,000, subject to regulatory approval. Each Unit consists of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at an exercise price of $0.40 for a period of two years. A finder’s fee is payable to Canaccord Capital Corporation on 500,000 Units, in the amount of 50,000 Units. A finder’s fee of 500,000 common shares is payable on 8,750,000 Units to an arm’s length party. Proceeds will be used for the development of the Company’s Mildred Peak project in Pima County, Arizona, for the potential acquisition of additional resource properties, and for corporate overhead.
For more information, please contact Les Kjosness at 604-681-8222, or view the Company’s website at www.goldenarchresources.com.
On behalf of the Board,
"Les Kjosness"
Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.goldenarchresources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
1102004
NEWS RELEASE
March 3, 2005 - Vancouver, BC. Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce a private placement of 9,425,000 Units at $0.20 per Unit for total proceeds of $1,885,000, subject to regulatory approval. Each Unit consists of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at an exercise price of $0.40 for a period of two years. A finder’s fee is payable to Canaccord Capital Corporation on 500,000 Units, in the amount of 50,000 Units. A finder’s fee of 500,000 common shares is payable on 8,750,000 Units to an arm’s length party. Proceeds will be used for the development of the Company’s Mildred Peak project in Pima County, Arizona, for the potential acquisition of additional resource properties, and for corporate overhead.
For more information, please contact Les Kjosness at 604-681-8222, or view the Company’s website at www.goldenarchresources.com.
On behalf of the Board,
"Les Kjosness"
Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
