Amarc Resources Completes CAD$20 Million Private Placement

Amarc Resources Ltd. has successfully closed its fully subscribed CAD$20 million private placement financing. This offering involved the issuance of 20,000,000 common shares at CAD$1.00 each. The funds raised will support exploration in the JOY District, general corporate purposes, and the advancement of other properties like DUKE and IKE. The AuRORA Gold-Copper Deposit, situated within JOY, is seen as pivotal by investors for the region's development.

President and CEO Diane Nicolson highlighted the strategic significance of AuRORA and expressed gratitude to both existing and new investors. The shares issued are subject to a conditional hold period as per Canadian securities regulations, prohibiting their sale in the U.S. without proper registration.

Agentis Capital Mining Partners acted as the financial advisor for this transaction, ensuring compliance with securities regulations. Amarc remains optimistic about further exploration and development within British Columbia.