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Post by Franko10 ™ on Feb 22, 2005 22:06:33 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
NEWS RELEASE February 5, 2004 – Golden Arch Resources Ltd. (the “Company”) announces it has arranged a debt settlement with Redhawk Resources Inc. (“Redhawk”, RDK-TSXV) to settle the $5000 deposit advanced by Redhawk towards an agreement to participate in the Company’s Mildred Peak Project, plus half of the legal costs arising from the negotiations, for a total of $13,853.80. To settle this debt, the Company will issue 55,415 common shares to Redhawk at a deemed price of $0.25 per share, subject to regulatory approval. On behalf of the Board of Directors of Golden Arch Resources Ltd. “Les Kjosness”<br>President
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