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<TITLE>Filed by Filing Services Canada Inc.&nbsp; 403-717-3898</TITLE>
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<P style="margin:0pt; font-family:Times New Roman; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION<BR>
<SMALL>WASHINGTON, D.C. 20549<BR>
<BR>
<BIG>FORM S-8<BR>
<SMALL>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933<BR>
<BR>
ASIA PACIFIC RESOURCES, LTD.</SMALL></B></P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=258><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center><B>New Brunswick, Canada </B></P>
<P style="margin-top:2.75pt; margin-bottom:2.75pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>(State or other jurisdiction of Incorporation or organization)</P>
</TD><TD valign=top width=36>&nbsp;</TD><TD valign=top width=282><P style="margin-top:2.75pt; margin-bottom:2.75pt; font-family:Times New Roman" align=center><B>Not Applicable<BR>
</B>(I.R.S. Employer Identification No.)</P>
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<TR><TD valign=top width=576 colspan=3><P style="margin-top:5pt; margin-bottom:0pt; font-family:Times New Roman" align=center><B>Suite 405, 555 Sixth Street, </B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>New Westminster, &nbsp;British Columbia</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>Canada V3L 5H1<BR>
</B>Address of Principal Executive Offices</P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=734.4 colspan=3><P style="margin:0pt; font-family:Times New Roman" align=center><B>ASIA PACIFIC RESOURCES, LTD.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>INCENTIVE STOCK OPTION PLAN</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(June, 2002)</B></P>
</TD></TR>
<TR><TD valign=top width=734.4 colspan=3><P style="margin-top:2.75pt; margin-bottom:2.75pt; line-height:9.2pt; font-family:Times New Roman; font-size:9pt" align=center>(Full titles of the plans)</P>
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<TR><TD valign=top width=11.933>&nbsp;</TD><TD valign=top width=722.467 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:9pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center>DL Services, Inc.</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;1420 5<SUP>th</SUP> Avenue, Suite 3400</P>
<P style="margin:0pt; font-family:Times New Roman" align=center>&nbsp;Seattle, WA 98101; Telephone: (206) 903-2373</P>
<P style="margin-top:2.25pt; margin-bottom:2.25pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>(Telephone number, including area code, of agent for service)</P>
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<P style="margin:0pt; line-height:10.8pt; font-family:Times New Roman; font-size:11pt" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
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<BR>
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<TABLE style="font-size:10pt" cellspacing=0><TR><BR>
<TD style="border-left:0.75pt solid #000000; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=179.533><P style="margin:0pt; font-family:Times New Roman">Title of Each Class of<BR>
Securities to be Registered<SUP>(1)</SUP></P>
</TD><BR>
<TD style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin-top:0.75pt; margin-bottom:0.75pt; line-height:9pt; font-family:Times New Roman; font-size:9pt" align=center>Amount to<BR>
be Registered</P>
</TD><BR>
<TD style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=178.067><P style="margin-top:0.75pt; margin-bottom:0.75pt; line-height:9pt; font-family:Times New Roman; font-size:9pt" align=center>Proposed Maximum Offering Price Per Share</P>
</TD><BR>
<TD style="border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=178.067><P style="margin-top:0.75pt; margin-bottom:0.75pt; line-height:9pt; font-family:Times New Roman; font-size:9pt" align=center>Proposed Maximum Aggregate Offering Price</P>
</TD><BR>
<TD style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96.2><P style="margin-top:0.75pt; margin-bottom:0.75pt; line-height:9pt; font-family:Times New Roman; font-size:9pt" align=center>Amount of Registration Fee</P>
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<TR><TD style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=179.533><P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman">Common Shares subject to outstanding options under the Incentive Stock Option Plan </P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman">Common Shares not subject to outstanding options under the Incentive Stock Option Plan <BR>
<BR>
<B>Total Common Shares</B></P>
</TD><BR>
<TD style="border-bottom:0.75pt solid #000000" valign=top width=90><P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>27,574,500 <BR>
</P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>16,164,667<BR>
</P>
<BR>
<BR>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><B>43,739,167</B></P>
</TD><BR>
<TD style="border-bottom:0.75pt solid #000000" valign=top width=178.067><P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$0.1381 <SUP>(2) (4)<BR>
</SUP></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$0.1794 <SUP>(3) (4)<BR>
</SUP></P>
</TD><BR>
<TD style="border-bottom:0.75pt solid #000000" valign=top width=178.067><P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$3,806,974<BR>
</P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$2,899,941</P>
<BR>
<BR>
<BR>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><B>US$6,706,915</B></P>
</TD><BR>
<TD style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000" valign=top width=96.2><P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$448.08<BR>
</P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center>US$341.32</P>
<BR>
<BR>
<BR>
<P style="margin-top:0.85pt; margin-bottom:0.85pt; line-height:10pt; font-family:Times New Roman" align=center><B>US$789.40</B></P>
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<P style="margin:0pt; padding-left:21.6pt; text-indent:-21.6pt; font-family:Times New Roman; font-size:9pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-10pt; padding-left:21.6pt; padding-right:-36pt; text-indent:-21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>(1)</P>
<P style="margin:0pt; padding-left:21.6pt; padding-right:-36pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>Common Shares, without par value, offered by the Company pursuant to the Plans described herein.</P>
<P style="margin-top:0pt; margin-bottom:-10pt; padding-left:21.6pt; text-indent:-21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>(2)</P>
<P style="margin:0pt; padding-left:21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>Based on the weighted average exercise price of options granted under the Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002) outstanding as of the date of the filing of this registration statement.</P>
<P style="margin-top:0pt; margin-bottom:-10pt; padding-left:21.6pt; text-indent:-21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>(3)</P>
<P style="margin:0pt; padding-left:21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>The proposed maximum offering price per share and the registration fee were calculated in accordance with rule 457(c) and (h) based on the average high and low prices for the Registrant&#146;s common shares on March 30, 2005, as quoted on the TSX Venture Exchange, which was Cdn.$ 0.1475 per share.</P>
<P style="margin-top:0pt; margin-bottom:-10pt; padding-left:21.6pt; text-indent:-21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>(4)</P>
<P style="margin:0pt; padding-left:21.6pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=justify>U.S. dollar amounts are calculated based on the noon buying rate in New York City for cable transfers payable in Canadian dollars as certified for customs purposes by the Federal Reserve Bank of New York on March 30, 2005. &nbsp;On such date the noon buying rate was Cdn.$ 1.00=US$1.2164.</P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman">This registration statement on Form S-8 registers 43,739,167<B> </B>common shares of Asia Pacific Resources, Ltd. (the &#147;Registrant&#148;) to be issued pursuant to the exercise of options or rights granted under the Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002).</P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 3. &nbsp;Incorporation of Documents by Reference.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>The documents listed in (a) through (c) below are incorporated by reference in this registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(a)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>The Registrant's annual report on Form 20-F filed, pursuant to Section 13 of the Securities Exchange Act of 1934, on April 8, 2005, for the fiscal year ended December 31, 2004. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(b)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, since the end of the fiscal year covered by the annual report incorporated by reference herein pursuant to (a) above.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(c)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>The description of the Registrant's securities contained in the Registrant's annual report on Form 20-F filed with the Securities and Exchange Commission on July 29, 2002, including any amendment or report filed for the purpose of updating such description.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 4. &nbsp;Description of Securities.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>Not Applicable</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 5. &nbsp;Interests of Named Experts and Counsel.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>None</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 6. &nbsp;Indemnification of Directors and Officers.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>Bylaw No. 1A of the Registrant provides that, subject to section 81 of the Business Corporations Act, Statutes of New Brunswick, 1981, c.B-9.1, as from time to time amended, except in respect of an action by or on behalf of the Registrant or Another Body Corporate (as hereinafter defined) to procure a judgment in its favour, the Registrant shall indemnify each director and officer of the Registrant and each former director and officer of the Registrant and each person who acts or acted at the Registrant&#146;s request as a director or officer of Another Body Corporate, and his heirs and legal representatives, against all costs, charges and expenses, including any amount paid to settle an action or satisfy a judgment, reasonably incurred by him in respect of any civil, criminal or administrative action or proceeding to which he is made a party by reason of being or having been a director or officer of the Registrant or Another Body Corporate, as the case may be, if:</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:90pt; text-indent:-72pt; font-family:Times New Roman" align=justify>(a)</P>
<P style="margin:0pt; padding-left:90pt; text-indent:-18pt; font-family:Times New Roman" align=justify>the individual acted honestly and in good faith with a view to the best interests of the Registrant; and </P>
<P style="margin:0pt; padding-left:72pt; text-indent:-36pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:90pt; text-indent:-72pt; font-family:Times New Roman" align=justify>(b)</P>
<P style="margin:0pt; padding-left:90pt; text-indent:-18pt; font-family:Times New Roman" align=justify>in the case of a criminal or administrative action or proceeding that is enforced by monetary penalty, the individual had reasonable grounds for believing the conduct was lawful.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>&#147;Another Body Corporate&#148; as used herein means a body corporate of which the Registrant is or was a shareholder or creditor.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>The Business Corporations Act (New Brunswick) has similar indemnification provisions as provided under Bylaw No. 1A of the Registrant, and expressly provides that each director or officer or former director or officer of the </P>
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<P style="margin:0pt; font-family:CG Times (W1)" align="right"><B>2</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>II-</B><FONT FACE="CG Times (W1)"><B>2</B></FONT></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:6pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
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<P style="margin:0pt; font-family:Times New Roman" align=justify>Registrant or another individual who acts or has acted at the Registrant&#146;s request in a similar capacity of another entity is entitled to indemnity from the Registrant in respect to all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by such individual in connection with the defense of any civil, criminal, administrative, investigative or other proceeding to which the individual is subject because of the individual&#146;s association with the Registrant or other entity, if he or she (i) satisfies the requirements of (a) and (b) above.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>The Business Corporations Act (New Brunswick) also provides that the Registrant may, with the approval of Court of Queen&#146;s Bench of New Brunswick, indemnify a person referred to above in respect of an action by or on behalf of the Registrant or body corporate to procure a judgment in its favor, to which he is made a party by reason of being or having been a director or an officer of the Registrant or body corporate, against all costs, charges and expenses reasonably incurred by him in connection with such action if he fulfills the conditions set out in (a) and (b) above. &nbsp;Notwithstanding the forgoing, a director or officer of the Registrant is entitled to indemnification from the Registrant in respect of all costs, charges and expenses reasonably incurred by him in connection with the defense of any civil, criminal, or administrative action or proceeding to which he is made a party by reason of his position with the Registrant or body corporate if he was substantially successful on the merits in his defense of the action or proceeding, he fulfills the conditions set out in (a) and (b) above and he is fairly and reasonably entitled to indemnity. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>The Registrant maintains Directors&#146; and Officers&#146; Liability Insurance for its Directors.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 7. &nbsp;Exemption from Registration Claimed.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify>Not Applicable</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 8. &nbsp;Exhibits.</B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=114.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:-28.8pt; font-family:Times New Roman"><B><U>Exhibit Number</U></B></P>
</TD><TD valign=top width=516.267><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center><B><U>Exhibit</U></B></P>
</TD></TR>
<TR><TD valign=top width=114.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:31pt; font-family:Times New Roman"><B></B>4.1</P>
</TD><TD valign=top width=516.267><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify>Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002)</P>
</TD></TR>
<TR><TD valign=top width=114.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:31pt; font-family:Times New Roman">5.1</P>
</TD><TD valign=top width=516.267><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify>Opinion of DuMoulin Black</P>
</TD></TR>
<TR><TD valign=top width=114.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:26pt; font-family:Times New Roman">23.1</P>
</TD><TD valign=top width=516.267><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify>Consent of Deloitte &amp; Touche LLP</P>
</TD></TR>
<TR><TD valign=top width=114.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:26pt; font-family:Times New Roman">24.1</P>
</TD><TD valign=top width=516.267><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify>Power of Attorney (See page II-5 of this registration statement)</P>
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<P style="margin-top:0pt; margin-bottom:5pt; font-family:Times New Roman"><B>Item 9. &nbsp;Undertakings.</B></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(a)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>The undersigned Registrant hereby undertakes:</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:72pt; font-family:Times New Roman" align=justify>(1)</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman" align=justify>To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:108pt; font-family:Times New Roman" align=justify>(i)</P>
<P style="margin:0pt; text-indent:144pt; font-family:Times New Roman" align=justify>To include any prospectus required by Section 10(a)(3) of the Securities Act;</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:108pt; font-family:Times New Roman" align=justify>(ii)</P>
<P style="margin:0pt; text-indent:144pt; font-family:Times New Roman" align=justify>To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. &nbsp;Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume and price represents no more than 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement;</P>
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<BR>
<P style="text-indent: 0; font-family: Times New Roman; font-size: 7pt; margin-top: 0pt; margin-bottom: -12pt; padding-right: 18pt" align="center"><B><BIG>II-</BIG></B><FONT FACE="CG Times (W1)"><B><BIG>3</BIG></B></FONT></P>
<P style="margin:0pt; padding-right:18pt; text-indent:463.5pt; font-family:CG Times (W1)"><B><BR></B></P>
<P style="margin:0pt; padding-right:18pt; font-family:CG Times (W1)"><BR></P>
<P style="margin:0pt; padding-right:18pt; font-family:CG Times (W1)"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:108pt; font-family:Times New Roman" align=justify>(iii)</P>
<P style="margin:0pt; text-indent:144pt; font-family:Times New Roman" align=justify>To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><I>provided, however,</I> that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:72pt; font-family:Times New Roman" align=justify>(2)</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman" align=justify>That for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:72pt; font-family:Times New Roman" align=justify>(3)</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman" align=justify>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(b)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt; font-family:Times New Roman" align=justify>(h)</P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman" align=justify>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. &nbsp;In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
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<P style="text-indent: 0; font-family: Times New Roman; font-size: 7pt; margin-top: 0pt; margin-bottom: -12pt; padding-right: 18pt" align="center"><B><BIG>II-</BIG></B><FONT FACE="CG Times (W1)"><B><BIG>4</BIG></B></FONT></P>
<P style="margin:0pt; padding-right:18pt; text-indent:463.5pt; font-family:CG Times (W1)"><B><BR></B></P>
<P style="margin:0pt; padding-right:18pt; font-family:CG Times (W1)"><BR></P>
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<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="margin:0pt; font-family:Times New Roman"><BR></P>
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<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify><U>The Registrant</U>. &nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vancouver, Province of British Columbia, on this 11th day of April, 2005.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt; font-family:Times New Roman" align=justify>ASIA PACIFIC RESOURCES, LTD.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt; font-family:Times New Roman" align=justify><U>/s/ Doris Meyer</U></P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt; font-family:Times New Roman" align=justify>Name: </P>
<P style="margin:0pt; text-indent:252pt; font-family:Times New Roman" align=justify>Doris Meyer</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt; font-family:Times New Roman" align=justify>Title: </P>
<P style="margin:0pt; text-indent:252pt; font-family:Times New Roman" align=justify>Assistant Corporate Secretary</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; text-indent:252pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>&nbsp;</P>
<div align="center">
  <center>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman" align=center><B><U>Signature</U></B></P>
</TD><TD valign=top width=288><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman"><B><U>Title</U></B></P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman"><B><U>Date</U></B></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ John Bovard<BR>
</U></I>John G. Bovard</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">President, Chief Executive Officer and Director</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>&nbsp;/s/ Edan Lee<BR>
</U></I>Edan Lee</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Chairman and Director </P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>&nbsp;April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Robert Scott<BR>
</U></I>Robert A. Scott</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Principal Financial Officer and Accounting Officer</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; font-family:Times New Roman"><I><U>&nbsp;/s/ Robert Connochie<BR>
</U></I>Robert G. Connochie</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director (Authorized U.S. Representative)</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Lee Graber</U></I></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Lee A. Graber</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director<BR>
</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>&nbsp;April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Daniel Mintz</U></I></P>
<P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman">Daniel Mintz</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director<BR>
</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Arthur Roth<BR>
</U></I>Arthur J. Roth</P>
</TD>
<TD valign=top width=288><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman">Director</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
</TABLE>
  </center>
</div>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<BR>
<BR>
<P style="text-indent: 0; font-family: Times New Roman; font-size: 7pt; margin-top: 0pt; margin-bottom: -12pt; padding-right: 18pt" align="center"><B><BIG>II-</BIG></B><FONT FACE="CG Times (W1)"><B><BIG>5</BIG></B></FONT></P>
<P style="margin:0pt; padding-right:18pt; text-indent:463.5pt; font-family:CG Times (W1)"><B><BR></B></P>
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<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
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<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>POWER OF ATTORNEY</B></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>Each person whose signature appears below constitutes and appoints Robert A. Scott and Doris Meyer, his attorney-in-fact, with the power of substitution, for them in any and all capacities, to sign a registration statement on Form S-8, and any amendments to such registration statement, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or substitutes, may do or cause to be done by virtue hereof.</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman" align=justify>In witness whereof, this Power of Attorney has been signed on this 11<SUP>th</SUP> day of April, 2005, by the following persons. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman" align=justify><BR></P>
<div align="center">
  <center>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman" align=center><B><U>Signature</U></B></P>
</TD><TD valign=top width=288><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman"><B><U>Title</U></B></P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:5pt; line-height:11.4pt; font-family:Times New Roman"><B><U>Date</U></B></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ John Bovard<BR>
</U></I>John G. Bovard</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">President, Chief Executive Officer and Director</P>
</TD>
<TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>&nbsp;/s/ Edan Lee<BR>
</U></I>Edan Lee</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Chairman and Director </P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Robert Scott<BR>
</U></I>Robert A. Scott</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Principal Financial Officer and Accounting Officer</P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; font-family:Times New Roman"><I><U>&nbsp;/s/ Robert Connochie<BR>
</U></I>Robert G. Connochie</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director (Authorized U.S. Representative)</P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Lee Graber</U></I></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Lee A. Graber</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director<BR>
</P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Daniel Mintz</U></I></P>
<P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman">Daniel Mintz</P>
</TD>
<TD valign=top width=288><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman">Director<BR>
</P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR>
<TD valign=top width=235.2><P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><I><U>/s/ Arthur Roth<BR>
</U></I>Arthur J. Roth</P>
</TD>
<TD valign=top width=288><P style="margin:0pt; line-height:11.4pt; font-family:Times New Roman">Director</P>
</TD><TD valign=top width=124.8><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; line-height:11.4pt; font-family:Times New Roman"><U>April 8, 2005</U></P>
</TD></TR>
<TR><TD valign=top width=288>&nbsp;</TD></TR>
</TABLE>
  </center>
</div>
<BR>
<BR>
<P style="text-indent: 0; font-family: Times New Roman; font-size: 7pt; margin-top: 0pt; margin-bottom: -12pt; padding-right: 18pt" align="center"><B><BIG>II-</BIG></B><FONT FACE="CG Times (W1)"><B><BIG>6</BIG></B></FONT></P>
<P style="margin:0pt; padding-right:18pt; text-indent:463.5pt; font-family:CG Times (W1)"><B><BR></B></P>
<P style="margin:0pt; padding-right:18pt; font-family:CG Times (W1)"><BR></P>
<P style="margin:0pt; padding-right:18pt; font-family:CG Times (W1)"><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<BR>
<BR>
<BR>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>EXHIBIT INDEX</B></P>
<div align="center">
  <center>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=120.933><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center><B><U>Exhibit Number</U></B></P>
</TD><TD valign=top width=394.2><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center><B><U>Exhibit</U></B></P>
</TD><TD valign=top width=120.933><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=center><B><U>Page</U></B></P>
</TD></TR>
<TR><TD valign=top width=120.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:31pt; font-family:Times New Roman"><B></B>4.1</P>
</TD><TD valign=top width=394.2><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify><a href="ex41.htm">Asia Pacific Resources, Ltd. Incentive &nbsp;Stock Option Plan (June 2002)</a></P>
</TD><TD valign=top width=120.933>&nbsp;</TD></TR>
<TR><TD valign=top width=120.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:31pt; font-family:Times New Roman">5.1</P>
</TD><TD valign=top width=394.2><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify><a href="ex51.htm">Opinion of DuMoulin Black</a></P>
</TD><TD valign=top width=120.933>&nbsp;</TD></TR>
<TR><TD valign=top width=120.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:26pt; font-family:Times New Roman">23.1</P>
</TD><TD valign=top width=394.2><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify><a href="ex231.htm">Consent of Deloitte &amp; Touche LLP</a></P>
</TD><TD valign=top width=120.933>&nbsp;</TD></TR>
<TR><TD valign=top width=120.933><P style="margin-top:0pt; margin-bottom:2.5pt; text-indent:26pt; font-family:Times New Roman">24.1</P>
</TD><TD valign=top width=394.2><P style="margin-top:2.5pt; margin-bottom:2.5pt; font-family:Times New Roman" align=justify>Power of Attorney (See page II-6 of this registration statement)</P>
</TD><TD valign=top width=120.933>&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "ASIA PACIFIC RESOURCES LTD", "cik": "0000949577", "assigned-sic": "1400", "irs-number": "000000000", "fiscal-year-end": "0228"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-124013", "film-number": "05745633"}, "business-address": {"street1": "405-555 SIXTH STREET", "city": "NEW WESTMINSTER BC", "state": "A1", "zip": "V3L 5H1", "phone": "6045160566"}, "mail-address": {"street1": "405-555 SIXTH STREET", "city": "NEW WESTMINSTER BC", "state": "A1", "zip": "V3L 5H1"}}
Filed by Filing Services Canada Inc.  403-717-3898
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
ASIA PACIFIC RESOURCES, LTD.
New Brunswick, Canada
(State or other jurisdiction of Incorporation or organization)
Not Applicable
(I.R.S. Employer Identification No.)
Suite 405, 555 Sixth Street,
New Westminster,  British Columbia
Canada V3L 5H1
Address of Principal Executive Offices
ASIA PACIFIC RESOURCES, LTD.
INCENTIVE STOCK OPTION PLAN
(June, 2002)
(Full titles of the plans)
DL Services, Inc.
1420 5
th
Avenue, Suite 3400
Seattle, WA 98101; Telephone: (206) 903-2373
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
(1)
Amount to
be Registered
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common Shares subject to outstanding options under the Incentive Stock Option Plan
Common Shares not subject to outstanding options under the Incentive Stock Option Plan
Total Common Shares
27,574,500
16,164,667
43,739,167
US$0.1381
(2) (4)
US$0.1794
(3) (4)
US$3,806,974
US$2,899,941
US$6,706,915
US$448.08
US$341.32
US$789.40
(1)
Common Shares, without par value, offered by the Company pursuant to the Plans described herein.
(2)
Based on the weighted average exercise price of options granted under the Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002) outstanding as of the date of the filing of this registration statement.
(3)
The proposed maximum offering price per share and the registration fee were calculated in accordance with rule 457(c) and (h) based on the average high and low prices for the Registrant's common shares on March 30, 2005, as quoted on the TSX Venture Exchange, which was Cdn.$ 0.1475 per share.
(4)
U.S. dollar amounts are calculated based on the noon buying rate in New York City for cable transfers payable in Canadian dollars as certified for customs purposes by the Federal Reserve Bank of New York on March 30, 2005.  On such date the noon buying rate was Cdn.$ 1.00=US$1.2164.
This registration statement on Form S-8 registers 43,739,167
common shares of Asia Pacific Resources, Ltd. (the "Registrant") to be issued pursuant to the exercise of options or rights granted under the Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002).
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.  Incorporation of Documents by Reference.
The documents listed in (a) through (c) below are incorporated by reference in this registration statement.
(a)
The Registrant's annual report on Form 20-F filed, pursuant to Section 13 of the Securities Exchange Act of 1934, on April 8, 2005, for the fiscal year ended December 31, 2004.
(b)
All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, since the end of the fiscal year covered by the annual report incorporated by reference herein pursuant to (a) above.
(c)
The description of the Registrant's securities contained in the Registrant's annual report on Form 20-F filed with the Securities and Exchange Commission on July 29, 2002, including any amendment or report filed for the purpose of updating such description.
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.
Item 4.  Description of Securities.
Not Applicable
Item 5.  Interests of Named Experts and Counsel.
None
Item 6.  Indemnification of Directors and Officers.
Bylaw No. 1A of the Registrant provides that, subject to section 81 of the Business Corporations Act, Statutes of New Brunswick, 1981, c.B-9.1, as from time to time amended, except in respect of an action by or on behalf of the Registrant or Another Body Corporate (as hereinafter defined) to procure a judgment in its favour, the Registrant shall indemnify each director and officer of the Registrant and each former director and officer of the Registrant and each person who acts or acted at the Registrant's request as a director or officer of Another Body Corporate, and his heirs and legal representatives, against all costs, charges and expenses, including any amount paid to settle an action or satisfy a judgment, reasonably incurred by him in respect of any civil, criminal or administrative action or proceeding to which he is made a party by reason of being or having been a director or officer of the Registrant or Another Body Corporate, as the case may be, if:
(a)
the individual acted honestly and in good faith with a view to the best interests of the Registrant; and
(b)
in the case of a criminal or administrative action or proceeding that is enforced by monetary penalty, the individual had reasonable grounds for believing the conduct was lawful.
"Another Body Corporate" as used herein means a body corporate of which the Registrant is or was a shareholder or creditor.
The Business Corporations Act (New Brunswick) has similar indemnification provisions as provided under Bylaw No. 1A of the Registrant, and expressly provides that each director or officer or former director or officer of the
2
II-
2
Registrant or another individual who acts or has acted at the Registrant's request in a similar capacity of another entity is entitled to indemnity from the Registrant in respect to all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by such individual in connection with the defense of any civil, criminal, administrative, investigative or other proceeding to which the individual is subject because of the individual's association with the Registrant or other entity, if he or she (i) satisfies the requirements of (a) and (b) above.
The Business Corporations Act (New Brunswick) also provides that the Registrant may, with the approval of Court of Queen's Bench of New Brunswick, indemnify a person referred to above in respect of an action by or on behalf of the Registrant or body corporate to procure a judgment in its favor, to which he is made a party by reason of being or having been a director or an officer of the Registrant or body corporate, against all costs, charges and expenses reasonably incurred by him in connection with such action if he fulfills the conditions set out in (a) and (b) above.  Notwithstanding the forgoing, a director or officer of the Registrant is entitled to indemnification from the Registrant in respect of all costs, charges and expenses reasonably incurred by him in connection with the defense of any civil, criminal, or administrative action or proceeding to which he is made a party by reason of his position with the Registrant or body corporate if he was substantially successful on the merits in his defense of the action or proceeding, he fulfills the conditions set out in (a) and (b) above and he is fairly and reasonably entitled to indemnity.
The Registrant maintains Directors' and Officers' Liability Insurance for its Directors.
Item 7.  Exemption from Registration Claimed.
Not Applicable
Item 8.  Exhibits.
Exhibit Number
Exhibit
4.1
Asia Pacific Resources, Ltd. Incentive Stock Option Plan (June 2002)
5.1
Opinion of DuMoulin Black
23.1
Consent of Deloitte & Touche LLP
24.1
Power of Attorney (See page II-5 of this registration statement)
Item 9.  Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the change in volume and price represents no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
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3
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.
(2)
That for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act, (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(h)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
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SIGNATURES
The Registrant
.  Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Vancouver, Province of British Columbia, on this 11th day of April, 2005.
ASIA PACIFIC RESOURCES, LTD.
/s/ Doris Meyer
Name:
Doris Meyer
Title:
Assistant Corporate Secretary
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/ John Bovard
John G. Bovard
President, Chief Executive Officer and Director
April 8, 2005
/s/ Edan Lee
Edan Lee
Chairman and Director
April 8, 2005
/s/ Robert Scott
Robert A. Scott
Principal Financial Officer and Accounting Officer
April 8, 2005
/s/ Robert Connochie
Robert G. Connochie
Director (Authorized U.S. Representative)
April 8, 2005
/s/ Lee Graber
Lee A. Graber
Director
April 8, 2005
/s/ Daniel Mintz
Daniel Mintz
Director
April 8, 2005
/s/ Arthur Roth
Arthur J. Roth
Director
April 8, 2005
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POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Robert A. Scott and Doris Meyer, his attorney-in-fact, with the power of substitution, for them in any and all capacities, to sign a registration statement on Form S-8, and any amendments to such registration statement, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or their substitute or substitutes, may do or cause to be done by virtue hereof.
In witness whereof, this Power of Attorney has been signed on this 11
th
day of April, 2005, by the following persons.
Signature
Title
Date
/s/ John Bovard
John G. Bovard
President, Chief Executive Officer and Director
April 8, 2005
/s/ Edan Lee
Edan Lee
Chairman and Director
April 8, 2005
/s/ Robert Scott
Robert A. Scott
Principal Financial Officer and Accounting Officer
April 8, 2005
/s/ Robert Connochie
Robert G. Connochie
Director (Authorized U.S. Representative)
April 8, 2005
/s/ Lee Graber
Lee A. Graber
Director
April 8, 2005
/s/ Daniel Mintz
Daniel Mintz
Director
April 8, 2005
/s/ Arthur Roth
Arthur J. Roth
Director
April 8, 2005
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6
EXHIBIT INDEX
Exhibit Number
Exhibit
Page
4.1
Asia Pacific Resources, Ltd. Incentive  Stock Option Plan (June 2002)
5.1
Opinion of DuMoulin Black
23.1
Consent of Deloitte & Touche LLP
24.1
Power of Attorney (See page II-6 of this registration statement)
II-
7