Arcus Announces Increased Private Placement and Share Consolidation

Executive Summary

• Arcus Development Group Inc. announced a combined financing of $1,500,000 consisting of the previously disclosed $500,000 “Original Offering” and a new $1,000,000 “Additional Offering.”
• The financings will be executed concurrently with a 10‑for‑1 share consolidation, reducing existing shares to 7,387,807 prior to closing.
• Proceeds will be used for general working capital and to fund drilling/work at the wholly owned Touleary project in Yukon’s White Gold District; the company also intends to apply for Tier 2 listing on the TSX Venture Exchange after completion.

Key Details

• Original Offering: Up to $500,000 in post‑consolidation units at $0.25 per unit. Each unit = 1 post‑consolidation common share + 1 warrant (exercise price $0.40, two‑year term). Maximum issuance: 2,000,000 shares and 2,000,000 warrants.
• Additional Offering: Up to $1,000,000 in post‑consolidation units at $0.30 per unit. Each unit = 1 post‑consolidation common share + 1 warrant (exercise price $0.40, two‑year term). Maximum issuance: 3,333,333 shares and 3,333,333 warrants.
• Share Consolidation: 10 existing Arcus common shares will be exchanged for 1 post‑consolidation share. Post‑consolidation share count before financing close = 7,387,807; after financing = 12,721,140 shares outstanding.
• Use of Proceeds: General working capital and funding of exploration activities at the Touleary project (White Gold District, Yukon Territory).
• Listing Intent: Arcus will apply to list its common shares on the TSX Venture Exchange as a Tier 2 issuer following completion of the consolidation and financings.

Notable Quotes

“On behalf of Arcus Development Group Inc.” – Ian J. Talbot, President and CEO

This release excludes boilerplate legal disclaimer language and contact information.