Arcus Development rollback to take effect Dec. 30

Executive Summary

• Arcus Development Group Inc. will consolidate its common shares on a 1‑for‑10 basis effective at the opening of trading on Dec. 30, 2025, reducing pre‑consolidation shares from ~73.9 M to ~7.39 M.
• The company will close two non‑brokered private placements on Dec. 30, 2025 for combined gross proceeds of $1.65 million.
• Net proceeds are earmarked for general working capital and to fund development work at the wholly owned Touleary project in Yukon’s White Gold district.

Key Details

• Share Consolidation: 1 post‑consolidation share will be issued for every 10 pre‑consolidation shares; trading symbol remains ADG. Post‑consolidation shares outstanding (including those to be issued in the financing) will be 13,221,140.
• Adjustment of Convertible Instruments: Exercise/conversion prices and share counts under existing convertible securities will be proportionally adjusted following the consolidation.
• Financing – Private Placement #1:
• Units: 2,000,000 post‑consolidation units
• Price per unit: $0.25
• Gross proceeds: $500,000
• Unit composition: 1 post‑consolidation share + 1 common share purchase warrant
• Warrant terms: Right to purchase one post‑consolidation share at $0.40 per share for two years from closing.
• Financing – Private Placement #2:
• Units: 3,833,333 post‑consolidation units
• Price per unit: $0.30
• Gross proceeds: $1,150,000
• Unit composition: Same as above (share + warrant) with identical warrant terms.
• Total Financing: Combined gross proceeds of $1.65 million from the two placements.
• Statutory Hold Period: All securities issued are subject to a four‑month hold period expiring May 1, 2026.
• Use of Proceeds: General working capital and financing of exploration/development activities at the Touleary project (White Gold district, Yukon).

Notable Quotes

(No direct quotes were provided in the release.)