Owner
Post by Franko10 ™ on Feb 21, 2005 18:20:23 GMT -5
GOLDEN ARCH RESOURCES LTD.
8930 OAK STREET, VANCOUVER, BC V6P 4B7
(604) 266-9910 1-800-661-0091 Fax: (604)266-5000
NEWS RELEASE
Symbol: GAI (CDNX) Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
8930 OAK STREET, VANCOUVER, BC V6P 4B7
(604) 266-9910 1-800-661-0091 Fax: (604)266-5000
NEWS RELEASE
Symbol: GAI (CDNX) Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
July 3, 2001. Vancouver, BC - The Company is pleased to announce the appointment of a new Board of Directors consisting of Mr. D.K. Greenlaw, Mr. Les Kjosness, Mr. Justin Joyce, Ms. Jane Timmis, and Mr. Keith Shirley. Further, Mr. Kjosness has consented to act as President and Mr. Greenlaw as Secretary of the Company.
The new Board of Directors has ratified an agreement with Consolidated Odyssey Exploration Ltd. (ODE-CDNX) whereby Odyssey will acquire a 10% working interest in the Wimberly #2 well by paying the Company $50,000 and 20,000 common shares, subject to regulatory approval. Further, Odyssey will pay a 2.5% opportunity fee to the Company, payable in cash, on any investments in the next five wells Odyssey chooses to participate in with The Cumming Company Inc.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
"D.K. Greenlaw"
Director
