Passing of CEO
TSX Venture Exchange Symbol: ACP
April 23, 2020
Vancouver, BC – ArcPacific Resources Corp. (“ACP” or “the Company”) (TSX-V: ACP) announces, with great sadness, the death of its Chief Executive Officer, Ruben Verzosa, after a brief illness. Ruben was a long-time director and officer of the Company, whose optimism and energy had helped to sustain the Company as it has sought opportunities in a challenging business environment. On behalf of our Board of Directors and management team, we extend our deepest sympathies to the Verzosa family. Ruben will be greatly missed by everyone that knew him, and our thoughts are with his family at this difficult time.
The Board has not yet had an opportunity to appoint an interim CEO and will decide soon. Additionally, the Board intends to initiate the process of the search for a new CEO immediately.
ArcPacific Resources Corp. (TSX-V: ACP) is a Canadian based company with a project generator business model. Although the Company’s primary business focus since formation has been the exploration of mineral properties, it is now seeking new business opportunities that offer the potential for near term cash flow to create shareholder value. For further information, please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
CFO and Director
The forward-looking statements contained in this press release are made as of the date hereof and ArcPacific Resources Corp. undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.