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Amarc Resources Ltd : Amarc Divests the Newton Gold Property to Carlyle and Retains a 2% NSR Royalty

(2) VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / Amarc Resources Ltd. ( Amarc or the Company ) (TSXV:AHR)(OTCQB:AXREF) reports that it has closed the previously announced sale of its Newton Property (the Property or Newton ) located in south-central British Columbia ( BC ) (see Amarc news release December 9, 2020). The arm s length private company, Isaac Mining Corp. ( IMC ), has achieved the go-public event required under the terms of the agreement by amalgamating with a wholly-owned subsidiary of Carlyle Commodities Corp. ( Carlyle ) (CSE:CCC)(FSE:OZ)(OTC PINK:DLRYF) pursuant to which Carlyle has acquired all of the issued and outstanding shares of IMC and its treasury of more than $2 million (see Carlyle release December 17, 2020).

Amarc Divests the Newton Gold Property to Carlyle and Retains a 2% NSR Royalty

Amarc Divests the Newton Gold Property to Carlyle and Retains a 2% NSR Royalty
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