Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 52

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 7
Chunk 52
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Item 7 - Major Shareholders and Related Party Transactions

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  Table of Contents  

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E. SHARE OWNERSHIP

Security Holdings of Directors and Senior Management

As at March 31, 2025, the directors and officers of Amarc, and their respective affiliates, directly and indirectly, own or control as a group an aggregate of 42,905,299 common shares (19.14%), or 49,397,865 (22.03%) on a diluted basis.

As at March 31, 2025, the Company’s directors and senior management beneficially own the following number of the Company’s common shares, share purchase options, and share purchase warrants:

  Name of Insider            Securities Beneficially Owned or Controlled (1)                  As a % of the  
                                                                                                             
                                                                                  outstanding common shares  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  T. Barry Coughlan (3)      186,000 common shares                                                    0.08%  
  Scott D. Cousens (3)       648,300 common shares                                                    0.29%  
  Robert A. Dickinson        38,031,665 common shares                                                16.96%  
  Diane S. Nicolson (3)      3,593,000 common shares                                                  1.60%  
  Thomas R. Wilson           46,334 common shares                                                     0.02%  
  Trevor Thomas              400,000 common shares                                                    0.18%  
  Total                      42,905,299 common shares                                                19.14%  

Notes:

  (1)      The information as to the number of Common Shares beneficially owned or controlled is not within the knowledge of management of the Company and has been furnished by the respective nominees as ...  
  (3)      Member of the audit committee.                                                                                                                                                                        

Share Option Plan

As of the date of this document, there were 6,012,000 options outstanding pursuant to the Company’s share option plan (the “ Plan”), described below, and an aggregate of 16,420,736 common shares remained available for issuance pursuant to the Plan, described below.

The Company has a Share Option Plan dated for reference February 6, 2024 (the “ New Plan”) or (the “2024 Share Option Plan”) which replaced the 2021 Stock Option Plan. The principal purpose of the 2024 Share Option Plan is to advance the interests