By | January 19 2010 3:45 AM

Amarc Resources, Ltd., a Vancouver-based mineral exploration and development company whose objective is to discover and develop the next major deposit in British Columbia, recently announced an increase in its private placement financing to $5.5 million, up from the original amount of $5 million announced late last year. An overallotment of 10% has been taken up on the private placement financing, which includes an additional 1 million common shares at a price of $0.50 per share.