Approximately 50 percent of the original amount will be flow-through, which will be used in part to fund Canadian exploration expenses. None of the additional $500,000 raised will be flow-through. Company insiders will participate in this transaction that is subject to TSX Venture Exchange acceptance.
Operating as an exploration and development company, Amarc Resources 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 British Columbia.