Press Releases: 2008
January 11, 2010
COMPANY PROCEEDING WITH NAME CHANGE/FINANCING & REINSTATEMENT TO TRADING ON TSX VENTURE EXCHANGE
January 11, 2010 – Vancouver, B.C. (GAI.H) -- The Company is under receivership as described in our news release of October 29, 2009, Les Kjosness, President, announces that, subject to approval by the NEX/TSX Venture Exchange, the Company will be proceeding with the name change to Ryder Gold Corp. and consolidation of its shares on a ten for one basis as described in our news release dated October 20, 2009. In addition, the Company will be making an application to have the shares of the Company reinstated for trading on the Tier 2 of the TSX Venture Exchnage at the same time that the private placement and name change is closed. In part, the purpose of the private placement is to raise the funds to settle the court judgment which resulted in the appointment of the Receiver.
December 17, 2009
COMPANY PROCEEDING WITH NAME CHANGE/FINANCING & REINSTATEMENT TO TRADING ON TSX VENTURE EXCHANGE
December 17, 2009 – Vancouver, B.C. (GAI.H) Les Kjosness, President, announces that, subject to approval by the TSX Venture Exchange, the Company will be proceeding with the name change to Ryder Gold Corp. and consolidation of its shares on a ten for one basis as described in our news release dated October 20, 2009. In addition, shares of the Company will be reinstated for trading on the Tier 2 of the TSX Venture Exchange.
November 6, 2009
November 6, 2009 – Vancouver B.C., (GAI.H) Les Kjosness, President, announces the Company has been transferred to NEX effective immediately. The Company’s new symbol is GAI.H.
October 29, 2009
GOLDEN ARCH RESOURCES - RECEIVER APPOINTED
October 29, 2009 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, clarifies the halt of trading requested by Management at the start of trade Monday, October 26, 2009.
July 22, 2009
GOLDEN ARCH RESOURCES - AGM HELD, NEW DIRECTORS APPOINTED
July 22, 2009 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, announces the Company’s shareholders voted in favor of all resolutions at the Annual General meeting held on July 21, 2009, these being the consolidation of shares on a 10-1 basis as well as a change of name to Ryder Gold Corp. These changes are subject to approval by the TSX and other regulatory bodies. Appointed as Directors for the coming year are: Les Kjosness, Keith Shirley, Bernie Stannus and James Broad.
GOLDEN ARCH RESOURCES APPEALS JUDGMENT IN LAWSUIT
July 8, 2009 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, announces the Company has filed an appeal in British Columbia Supreme Court with respect to a lawsuit filed on behalf of Silver Peak Resources Ltd. A decision was made granting judgment against the Company in the sum of $312,000. Golden Arch takes the position that no moneys were advanced and therefore there is no money due to Silver Peak.
GOLDEN ARCH RESOURCES TO APPEAL JUDGMENT IN LAWSUIT
June 4, 2009 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, announces it is engaged in discussions with its legal advisors with respect to the judgment handed down in the British Columbia Supreme Court with respect to a lawsuit filed on behalf of Silver Peak Resources Ltd. The Company has 30 days to appeal a decision granting judgment against the company in the sum of $312,000. Golden Arch takes the position that no moneys were advanced and therefore there is no money due to Silver Peak.
GOLDEN ARCH CLOSES $100,000 PRIVATE PLACEMENT
May 5, 2009 – Vancouver B.C., (TSX.V: GAI) -- Les Kjosness, President, announces the non-brokered private placement, originally announced January 6, 2009 and approved by the TSX, April 30, 2009, has been closed in the amount of Cdn.$100,000. Proceeds of the offering will be used general corporate and administrative purposes.
GOLDEN ARCH ANNOUNCES $100,000 PRIVATE PLACEMENT
January 6, 2009 – Vancouver B.C., (TSX.V: GAI) -- Les Kjosness, President, announces a non-brokered private placement of up to 10,000,000 units at $0.01 per unit for a total proceeds of Cdn. $100,000, subject to regulatory approval. The funds will be used for general corporate and administrative purposes
December 19, 2008
GOLDEN ARCH TERMINATES JOINT VENTURE WITH ARMADILLO RESOURCES
December 19, 2008, Vancouver, B.C. (TSX.V:GAI) -- Les Kjosness, President, wishes to announce the termination of an Option Agreement dated October 20, 2008. The Agreement contains provisions making it subject to acceptance for filing by The TSX Venture Exchange. The Exchange has indicated that the property in question is not acceptable for filing for the purpose required by Armadillo. In light of this difficulty, Golden Arch and Armadillo have mutually agreed that the agreement is terminated. In addition, neither of the parties has any ongoing obligations or liabilities to the other with respect to, or in any way arising out of, the Agreement.
October 31, 2008
GOLDEN ARCH TO JOINT VENTURE WITH ARMADILLO RESOURCES ON ABBOTT WAGNER MINERAL CLAIMS
October 31, 2008, Vancouver, B.C. (TSX.V: GAI), Les Kjosness, President announces that the Company has entered into a joint venture agreement with Armadillo Resources Ltd dated Oct. 20, 2008, pursuant to which that company can acquire 51 per cent of Golden Arch's interests in the Abbott Wagner mineral claims covering approximately 1,200 hectares (approximately 2,970 acres) in the Slocan District, British Columbia. The agreement is subject to acceptance for filing by the TSX Venture Exchange.
September 30, 2008
GOLDEN ARCH ACQUIRES SILVER/GOLD PROPERTY NEAR WILLIAMS LAKE, BC
September 30, 2008, Vancouver B.C. (TSX.V: GAI). Les Kjosness, President announces the acquisition of the CHR claims, a precious metals property located in British Columbia near Puntzi Lake about 160 kms west of Williams Lake. The property will be acquired for 250,000 common shares, and $80,000 cash or equivalent shares and a $250,000 work commitment to be completed by December 31, 2012, subject to approval of the TSX. (Click here for claim map.)
August 5, 2008
August 5, 2008, Vancouver, BC (TSX.V: GAI) Les Kjosness, President announces that at the Annual General Meeting held on July 22, all motions were approved by the shareholders and all Directors continuing. The Directors are: Les Kjosness, Richard Somerville, David Rennie, James Broad, Keith Shirley and Victor Jones.
July 9, 2008
ADDITIONAL DRILLING RESULTS ON GEORGE LAKE ZONE, WAKEFIELD LAKES Zn/Pb/Ag, SASKATCHEWAN PROPERTY
July 09 2008, Vancouver B.C., GOLDEN ARCH RESOURCES LTD. (TSX.V: GAI) announces assay results from the final three of six drill holes recently completed on its Wakefield Lakes zinc/lead/silver property in northern Saskatchewan. The final 3 holes targeted the largely unexplored east and west fringes of the George Lake deposit, which is situated within the Wakefield Lakes Property. All six holes completed intersected significant zinc/lead/silver mineralization. All assays were carried out by TSL Laboratories of Saskatoon, Saskatchewan.
July 7, 2008
July 7, 2008, Vancouver B.C., GOLDEN ARCH RESOURCES LTD. (TSX GAI) announces assay results from the first three of six drill holes recently completed on its Wakefield Lakes zinc/lead/silver property in northern Saskatchewan. The first 3 holes targeted the George Lake deposit, which is situated within the Wakefield Lakes Property. All six holes completed intersected significant zinc/lead/silver mineralization.
July 7, 2008
PRIVATE PLACEMENT INCREASES AT CLOSING
July 7, 2008 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, announces the non-brokered/brokered private placement, originally announced April 10, 2008 and approved by the TSX on May 5, 2008 has now closed in the amount of $150,000. The initial amount of the placement had been reported as CDN $240,000. Proceeds from the offering will be used for general working capital.
June 27, 2008
June 27, 2008 – Vancouver B.C., (TSX.V: GAI) Les Kjosness, President, announces the non-brokered/brokered private placement, originally announced April 10, 2008, was approved by the TSX on May 5, 2008. Total amount of the placement is CDN $240,000.00 and proceeds from the offering will be used for general working capital.
June 19, 2008
June 19, 2008, Vancouver, BC – (TSX.V: GAI) Les Kjosness, President & CEO announces that the Company’s Board of Directors has approved a grant of stock options to a total of ten Officers, Directors, Employees and consultants to the Company pursuant to the Company’s Stock Option Plan and subject to TSX Venture approval. The new options have been granted for the purchase of 900,000 common shares of the Company at an exercise price of $0.075 per share and carry a term of five years, expiring on the 19th day of June 2013.
June 9, 2008
June 9, 2008, Vancouver, B.C. (TSX.V: GAI) – Les Kjosness, President, reports the drilling of two wells at the Antelope North Prospect in Clay County, Texas has been completed. The wells were drilled to approximately 1350m (4500ft). Both wells were perforated in the Gunsight sands and both tested salt water with no showing of oil; as a result both wells will be plugged and abandoned. The Company is reviewing costs to horizontally drill the Barnet Shale target at a depth of approximately 1950m (6500ft) which has been successfully explored in vicinity by EOG, approximately 1.5km (1 mile) north of the Antelope North Project.
May 21, 2008
INITIAL PHASE OF DIAMOND DRILL PROGRAM COMPLETED WAKEFIELD LAKES ZINC PROPERTY, SASKATCHEWAN
Vancouver, BC (TSX.V: GAI) -- Les Kjosness, President, reports that Phase One of the 2008 drill program has been completed on the Company’s Wakefield Lakes zinc property in northern Saskatchewan. The Wakefield Lakes Property is located approximately 300 km northeast of La Ronge, Saskatchewan, 15 km east of the Saskatchewan all weather road #905. The Wakefield Zinc/Lead Zone is approximately eight km long and is generally unexplored.
May 2, 2008
Vancouver British Columbia, (TSX.V: GAI) – Les Kjosness, President,
reports the non-brokered private placement, originally announced March 17,
2008, was
approved by the TSX on April 8, 2008
April 22, 2008
Les Kjosness, President, is pleased to announce the completion of the drilling of two initial wells in the Gunsite Sand area, Clay County, Texas. The wells were both drilled to approximately 4,500ft total depth.
April 10, 2008
GOLDEN ARCH ARRANGES $240,000 PRIVATE PLACEMENT
Les Kjosness, President, announces a private placement of up to 4 million Units at $0.06 per Unit for total proceeds of $240,000, subject to regulatory approval. The funds will be used for general corporate and administrative purposes.
April 1, 2008
DRILLING PROCEEDING AT WAKEFIELD LAKES ZINC PROJECT, SASK.
Les Kjosness, President is pleased to announce that three diamond drill holes at the Wakefield Lakes zinc property have been completed and drilling on the fourth hole has just begun. The holes were each drilled to an approximate depth of 300 metres (1,000 feet) and all intersected the Wakefield Lake zinc/lead zone previously identified by Falconbridge. Logging and sampling of the core is underway.
March 26, 2008
GOLDEN ARCH STARTS DRILLING FOR OIL, CLAY COUNTY, TEXAS
Les Kjosness, President, is pleased to announce that drilling on the first of two wells at our Antelope North oil prospect in Clay County, Texas has commenced. The drill moved on the first site March 23rd and drilling started on March 25th. We believe we will be in start of the pay zones this week to evaluate the commercial potential per zone as results are established.
March 18, 2008
GOLDEN ARCH SEIZES OPPORTUNITY TO DRILL TWO WELLS, CLAY COUNTY, TEXAS
With oil at a current price of US$107 pb, Les Kjosness, President, is pleased to announce the joint venture financing in the amount of $1,025,000 to finance the first two wells at our Antelope North oil prospect in Clay County, Texas has been completed.
March 17, 2008
GOLDEN ARCH ARRANGES $250,000.00 PRIVATE PLACEMENT
Les Kjosness, President, announces a non-brokered private placement of up to 2,784,300 Units at $0.09 per Unit for total proceeds of $250,587.00, subject to regulatory approval.
March 11, 2008
GOLDEN ARCH COMMENCES DRILLING AT WAKEFIELD LAKES ZINC PROJECT, SASK.
Les Kjosness, President is pleased to announce the first phase of the 2008 drilling program, expected to be 7000 feet, has begun at the Company's Wakefield Lakes zinc property. The 'Company' plans to drill at seven sites with one to five drill holes per site during this spring program. Phase two of the program is planned to start in the fall of 2008 to follow up on drilling results.
Press Releases: 2007
December 13, 2007
WORK PERMITS GRANTED FOR MILDRED PEAK, AZ PROPERTY
December 13, 2007, Vancouver, BC (TSX.V: GAI) - Les Kjosness, President is pleased to announce the Arizona State Land Department has granted permits for the Plan of Operations 2008 to further the exploration of the Company's, Mildred Peak gold/silver/copper property in Pima County, Arizona.
December 3, 2007
GOLDEN ARCH CLOSES FLOW-THROUGH PORTION OF PRIVATE PLACEMENT
Les Kjosness, President is pleased to announce the Flow-Through portion of the Private Placement announced October 29, 2007 closed on November 15, 2007. The brokered $499,999.92 placement by the Mineral Fields Group consisted of 4,1666,666 units at $0.12Cdn per unit. Each unit is comprised of one flow-through common share and one full, non-flow-through warrant to purchase an additional common share at an exercise price of $0.30Cdn for the first twelve months and $0.50Cdn during the second twelve months from approval. The hold period on the shares expires March 15, 2008.
November 13, 2007
DRILL PERMITS RECEIVED FOR WAKEFIELD LAKES ZINC PROPERTY, SASKATCHEWAN.
Les Kjosness, President, reports that drill permits have been received regarding the exploration program at the Company’s Wakefield Lakes zinc property, Saskatchewan. The program entitles the Company to drill at 21 sites with one to five drill holes per site. The first phase of the program which will begin in December 2007 is for seven drill sites; however, up to five drill holes per site are permitted. A new all-weather road #995 is being built by the Saskatchewan Government through the mineral claims held by Golden Arch Resources, and will provide year-around access to the property. Golden Arch’s drill contractor will begin the immediate preparation of the drill sites
October 29, 2007
GOLDEN ARCH RESOURCES LTD. ARRANGES $1 MILLION FUNDING FOR EXPLORATION ON FOUR PROPERTIES.
Les Kjosness, President is pleased to announce two private placements for a total of almost $1,000,000, subject to regulatory approval. The first is a brokered flow-through private placement for $499,999.92Cdn consisting of 4,166,666 units at $0.12Cdn. Each unit is comprised of one flow-through common share and one full, non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $0.30Cdn per share for the first twelve months and $0.50Cdn during the second twelve months from approval. There is a finders’ fee of 7% payable in respect of this placement to be paid half in cash and half by the issue of 145,833 common shares at a deemed price of $0.12Cdn per share. There is also a broker’s warrant to be issued for the purchase of 208,333 common shares at an exercise price of $0.12Cdn for the first twelve months and $0.15Cdn for the second twelve months from time of approval. These funds will be used for further exploration on the Company’s Abbott/Wagner silver/lead/zinc prospect in British Columbia and the Wakefield Lakes zinc prospect in Saskatchewan.
October 26, 2007
WORK PERMITS GRANTED ON COMPANY’S WAKEFIELD LAKE ZINC PROPERTY, SASK.
Les Kjosness, President & CEO is pleased to announce that the Company has received its Forest Product Permit from the Saskatchewan Environment and Resource Management offices regarding the Company’s Wakefield Lake zinc prospect located approximately 300 kms northeast of La Ronge. The permit allows for the construction of helicopter landing pads and campsites required for the drill program slated to begin before year end. The Company has engaged diamond driller KMS Energy Systems Inc. to commence fieldwork and preparation for drilling. The planned access road to the property will coincide with the proposed new Provincial Road 995 to be built to a First Nations village located on the southeast side of Wollaston Lake.
October 22, 2007
GOLDEN ARCH GRANTS OPTIONS TO COMPANY DIRECTORS
Les Kjosness, President & CEO announces that the Company’s Board of Directors has approved a grant of stock options to its six Officers & Directors. Subject to TSX Venture approval, a total of 2,705,000 options have been granted for the purchase of common shares of the Company at an exercise price of $0.12 per share. The options were granted pursuant to the Company’s Stock Option Plan and carry a term of five years, expiring on the 22nd day of October, 2012.
October 15, 2007
GOLDEN ARCH NETS $276,000 WORKING CAPITAL STOCK OPTIONS EXERCISED AT $0.12
Les Kjosness, President & CEO announces 2,300,000 (two million, three hundred thousand) options have been exercised at a price of $0.12 per share, netting the Company $276,000.
June 29 , 2007
GOLDEN ARCH AMENDS PRIVATE PLACEMENT
Les Kjosness, President, reports that the non-brokered flow-through private placement, originally announced on April 17, 2007 and as closed on June 6, 2007 has been reduced to $759,996 due to financial circumstances beyond the control of the Company.
June 18 , 2007
GOLDEN ARCH RESOURCES LTD. ANNOUNCES WORK PROGRAM ON WAKEFIELD LAKES, SASKATCHEWAN ZINC PROJECT
Les Kjosness, President, reports the Company along with its joint venture participant, has applied for a permit for its 2007 plan of operations for a diamond drilling program on the Wakefield Lakes zinc project to
May 22 , 2007
Les Kjosness, President is pleased to announce the completion and filing of the NI 43-101 Summary Report on the Wakefield Lakes Zinc Property,
April 17 , 2007
GOLDEN ARCH ARRANGES BROKERED/NON-BROKERED $960,000 PRIVATE PLACEMENT
Les Kjosness, President is pleased to announce a brokered and non-brokered flow-through private placement is being arranged for $960,000, subject to regulatory approval.
March 1 , 2007
GOLDEN ARCH RECEIVES APPROVAL FOR WAKEFIELD LAKES, SASK. ZINC ACQUISITION
Les Kjosness, President, announces the acceptance by the TSX and 10108352 Saskatchewan Ltd. pursuant to which the Company has an option to acquire up to an 80% interest in the Wakefield Lakes Zinc Prospect,
Jan 22 , 2007
Golden Arch Resources Acquires Wakefield Lake Zinc Deposit, Saskatchewan
The Board is pleased to announce that the Company has reached an agreement to acquire an option to earn an 80% interest in the Wakefield Lake Zinc prospect in Northern Saskatchewan.
Jan 11 , 2007
GOLDEN ARCH CLOSES $260,000 PRIVATE PLACEMENT
Les Kjosness, President, announces that the non-brokered private placement, originally announced on November 28, 2006, in the amount of $260,000 has now been approved. Proceeds from the Offering will be used for general, corporate working capital.
Press Releases: 2006
Dec 15, 2006
GOLDEN ARCH CLOSES $260,000 PRIVATE PLACEMENT
Les Kjosness, President, announces that, subject to regulatory approval, it has closed the non-brokered private placement, originally announced on November 28, 2006, for net proceeds to the Company of $260,000.
Nov. 28, 2006
GOLDEN ARCH ARRANGES $260,000 PRIVATE PLACEMENT
Les Kjosness, President Golden Arch Resources Ltd (TSX.V: GAI), announces that it has arranged, subject to the approval of appropriate regulatory authorities, a non-brokered private placement for $260,000.
Nov. 20, 2006
GOLDEN ARCH APPOINTS VICTOR J.E. JONES TO THE BOARD
The Board of Directors of Golden Arch Resources Ltd. (TSX Venture - GAI) announces the appointment of Victor J.E. Jones; B. Sc., MBA to the Board of Directors.
Nov. 8, 2006
Les Kjosness, President announces, further to the press release dated September 15, 2006, the company will not be proceeding with the private placement of up 8,000,000 units at $0.10 per unit for a total proceeds of $800,000.00CDN.
Sept 15, 2006
Golden Arch Arranges $800,000.00 Private Placement
Vancouver B.C., Les Kjosness, President, announces a private placement of up to 8,000,000 units at $0.10 per unit for total proceeds of $800,000.00, subject to regulatory approval.