Arcus Development closes $2-million private placement

Executive Summary

• Arcus Development Group Inc. has closed a $2 million non-brokered private placement of units priced at $0.25 per unit.
• Each unit consists of one common share and one share purchase warrant exercisable at $0.32 per share until January 29, 2028.
• Net proceeds will fund general working capital and development activities at the company's wholly owned Touleary project in Yukon's White Gold district.

Key Details

• Gross proceeds: $2,000,000
• Offering structure: Non-brokered unit offering
• Price per unit: $0.25
• Unit composition: 1 common share + 1 share purchase warrant
• Warrant terms: Exercisable at $0.32 per share, expiring at 4 p.m. Vancouver time on January 29, 2028
• Use of proceeds: General working capital and financing work at the Touleary project (White Gold district, Yukon)
• Insider participation: One director purchased 200,000 units for $50,000 gross proceeds
• Regulatory classification: Related-party transaction under Multilateral Instrument 61-101; exemptions from formal valuation and minority shareholder approval relied upon based on market capitalization thresholds
• Statutory hold period: 4-month hold for all issued securities, expiring May 30, 2026
• Finders' fees: None paid