ArcPacific Resources Corp. announced a non-brokered private placement that it will issue 15,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 1,500,000 on January 27, 2023. Each Unit will consist of one common share in the capital of the company and one common share purchase warrant.

Each Warrant will entitle the holder to purchase one additional Share in the capital of the company at a price of CAD 0.20 per share for a period of thirty-six months from the date of issuance. All securities issued pursuant to this private placement will be subject to a four-month and one day hold period from closing.