Fri Dec 18, 2009 Amarc Announces $5 Million Financing
December 18, 2009 - Vancouver, BC - Amarc Resources Ltd. ("Amarc" or the "Company") (TSX Venture: AHR; OTCBB: AXREF) announces a private placement of up to 10 million common shares at a price of $0.50 per share. Approximately 50% of the financing will be flow through. Insiders of the Company will participate. Proceeds from the flow-through portion of the financing will be used for Canadian exploration expenses. Up to a 6% cash fee may be payable with respect to a portion of the financing. The financing is subject to TSX Venture Exchange acceptance.
Amarc Resources Ltd. is a Vancouver-based exploration and development company which has made an important new gold discovery in south-central British Columbia. Amarc is affiliated with the Hunter Dickinson group, a private company associated with a series of successful mineral exploration and development projects in BC -- including Golden Bear, Mt. Milligan, Kemess, Gibraltar and Prosperity.
For further details on Amarc Resources Ltd., please visit the Company's website at www.amarcresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD
Ronald W. Thiessen President & CEO
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1020 - 800 West Pender Street, Vancouver BC Canada V6C 2V6 Telephone: 604-684-6365 Facsimile: 604-684-8092 TollFree: 1-800-667-2114