Northwire Canada EditionThursday, November 12, 2026
Northwire
⌕
Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Financings

Arcus Development closes $2-million private placement

ADG · Price

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
Read the original news release →

More from Arcus Development Group Inc.