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Post by Franko10 ™ on Feb 21, 2005 17:33:11 GMT -5
GOLDEN ARCH RESOURCES LTD. 8930 OAK STREET, VANCOUVER, BC V6P 4B7 (604) 266-9910 1-800-661-0091 Fax: (604)266-5000 E-mail: safeenv@direct.ca NEWS RELEASE Symbol: GAI (CDNX) Exemption 12g3 - 2(b) O.T.C. GARC-F SEC File # 82-659
May 15, 2001 Vancouver, BC – Golden Arch Resources Ltd. announces that it has entered into debt settlement agreements with three of its creditors. Subject to regulatory approval, the Company will issue 1,872,172 shares at a deemed price of $0.10 per share. For further information on this news release please contact Richard J. Watson 1-800-661-0091, On behalf of the Board of Directors of Golden Arch Resources Ltd. "Richard J. Watson" Director
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