(via TheNewswire)
July 11, 2019 - TheNewswire - Vancouver, BC - PACIFIC ARC RESOURCES LTD. (the "Company" or "Pacific Arc") (TSXV:PAV.H) is pleased to announce the appointment of Mr. Mark Klein as an independent member of the Board of Directors. With over 17 years' senior level experience in all facets of start-ups, business strategy and investment management, Mr. Klein's distinguished career includes managing a significant asset base at the Lockwood Group since March 2017.
Raphael Danon, Pacific Arc Chairman commented on Mr. Klein's appointment, "We are delighted to have someone of Mark's caliber join our Board. Mark's keen insight into capital markets, strategic planning and business operations will be invaluable to us as we move forward."
Prior to joining the Lockwood Group, Mr. Klein was Managing Director for 360 Gruppe's Gruppe V ("360"); a division of the private, family-held Geneva-based investment management firm. At 360, Mr. Klein oversaw and directed the asset-backed financing division. Prior to this, Mr. Klein completed numerous financings and has held senior executive positions in both private and publicly held companies. His experience includes:
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- Founder and CEO of Skins, Inc., a publicly traded footwear and apparel business.
- Partner of Integrated Corporation Solutions Inc., an independent management consulting firm, specialized in market positioning and branding.
- Business Development at Bevyz, a beverage company that was acquired by Keurig/Green Mountain Coffee Roasters.
- Director of Mobile Business Development at AOL Inc.
- Founding Editor of Convertbond.com, a fintech company, sold to Morgan Stanley in 1999.
Mr. Klein attended the University of Connecticut and currently resides in Israel.
ON BEHALF OF THE BOARD OF DIRECTORS
PACIFIC ARC RESOURCES LTD.
s/ "John MacPhail"
John MacPhail, President, CEO and Director
For further information, please contact:
John MacPhail, President, CEO & Director
Phone: (778) 688-7411
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the future strategy of the Company and the possible approvals of matters by shareholders of the Company. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks associated with the Company's business which are more fully described in the Company's annual and quarterly Management's Discussion and Analysis and in other filings made by the Company with Canadian securities regulatory authorities and available at www.sedar.com.
2019 number 3
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