800 West Pender Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
Date: January 19, 2004
* Print the name and title of the signing officer under his signature
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Amarc Resources Ltd.
1020 - 800 W Pender Street
Vancouver BC Canada
V6C 2V6 Canada
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667- 2114
www.hdgold.com
AMARC'S COMPLETED $4.4 MILLION FINANCING
FOCUSES ON DISCOVERY OF SIGNIFICANT NEW DEPOSITS
IN BRITISH COLUMBIA , CANADA
January 19, 2004 , Vancouver , BC - Ronald W. Thiessen, President and CEO of Amarc Resources Ltd. (TSX Venture: AHR) is pleased to announce that Amarc has completed private placements of 8,000,000 units of its capital for gross proceeds of $4.4 million. Fifty-five percent are flow-through units. Each unit consists of one common share and one common share purchase warrant. The common shares in the units and the shares issuable on exercise of the warrants will be subject to a four month resale restricted period. This financing brings the working capital position of the Company to $9.4 million.
Proceeds from the placement will be used for Canadian exploration expenses, general corporate and working capital purposes. In particular, the Company has assembled a capable and focused exploration team to develop new plays directed toward the discovery of major new mineral deposits in British Columbia. Guided by the experienced management and technical staff at Hunter Dickinson, which has successfully found and developed a number of deposits in BC, Amarc's exploration team has already begun the work to assemble a portfolio of key projects.
For further details on Amarc Resources Ltd., please visit the Hunter Dickinson Inc. website at www.hdgold.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF
THE BOARD OF DIRECTORS
/s/ Ronald W. Thiessen
Ronald W. Thiessen
President and CEO
No regulatory authority has approved or disapproved the information contained
in this news release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or developments
that the Company expects are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, availability of capital and
financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those projected
in the forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 20-F filing with the
United States Securities Commission.