From GlobeNewswire:

ARCpoint Inc. announces a non-brokered private placement to raise up to $1,600,000 through the sale of up to 16,000,000 subordinate voting shares at $0.10 per share. The net proceeds will be used for operational expenses and other purposes. The Offering is subject to regulatory approvals, and shares will be subject to a four-month hold period. Certain directors, officers, and insiders of the company will participate in the Offering. ARCpoint is a US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing, corporate wellness programs, and employment and background screening, among other services.

For more information, please contact:
ARCpoint Inc.
Jason Tong, Chief Financial Officer
Phone: (604) 889-7827
E-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this Press release.



Read more: ARCPOINT ANNOUNCES US$1.6 MILLION NON-BROKERED PRIVATE