GAI: TSX Venture Exemption 12g3 - 2(b)
GARCF: O.T.C SEC File No. 82-659
VANCOUVER, April 17 /CNW/ - Les Kjosness, President is pleased to
announce a brokered and non-brokered flow-through private placement is being
arranged for $960,000, subject to regulatory approval. The offering consists
of 8,000,000 units at $0.12 per unit. Each unit consists of one common share
and one half of one share purchase warrant. Each full warrant entitles the
holder to purchase one additional share at an exercise price of $0.20 per
share for a period of one year. This press release does not constitute an
offer to sell, nor does it solicit an offer to buy securities in any
President Kjosness notes, "Sixty five percent of the proceeds will be
used to further the exploration and development of the Company's Wakefield
Lakes zinc property in Saskatchewan and the silver/lead/zinc Abbott Wagner
property in British Columbia. The remaining thirty five percent will be for
development of the copper/gold/silver Mildred Peak project in Pima County,
Arizona as well as for general, corporate working capital."
On behalf of the Board of Directors
President and Director
The Company's exploration program is under the supervision of R.D.
Somerville, P. Eng., a Qualified Person under National Instrument 43-101. Mr.
Somerville is Vice President and COO of Golden Arch Resources Ltd.
Golden Arch Resources Ltd. is a metals, oil, and gas and exploration
company based in Vancouver, BC, Canada. Its principal assets include the
Mildred Peak copper/gold/silver property located in Arizona, Wakefield Lakes
zinc property in northern Saskatchewan and the Abbott Wagner silver/lead/zinc
property in southeastern British Columbia.
"The TSX Venture Exchange assumes no responsibility for the accuracy of
this Release and neither approves nor disapproves thereof."
For further information:
For further information: Les Kjosness: (604) 219-4050; Kirsti Mattson:
(604) 202-2484 media, email@example.com