Owner
Post by Franko10 ™ on Feb 22, 2005 21:32:06 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: (604) 681-8222 Fax: (604) 681-8282
Exemption 12g3 - 2(b)
SEC File # 82-659
GAI: TSX Venture
GARCF: O.T.C
#928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: (604) 681-8222 Fax: (604) 681-8282
Exemption 12g3 - 2(b)
SEC File # 82-659
GAI: TSX Venture
GARCF: O.T.C
NEWS RELEASE
Oct 16, 2003 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce subject to regulatory approval, a private placement has been arranged consisting of 4,000,000 Units at $0.15 Cdn per Unit for total proceeds of $600,000.00. 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 $0.25 per share for a period of 18 months from the date of closing. Proceeds will be used for development of the Company’s Mildred Peak project in Pima County Arizona, and for corporate overhead.
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President
