Arcus Announces a Further Increase to Private Placement and Share Consolidation

Executive Summary

• Arcus Development Group Inc. announced an increase to its ongoing private placement, raising the maximum financing amount to $1,650,000.
• The financing will be executed concurrently with a 10‑for‑1 share consolidation and will close in two tranches ($500k at $0.25/unit and $1.15M at $0.30/unit).
• Proceeds are earmarked for general working capital and to fund drilling/work at the wholly owned Touleary project in Yukon’s White Gold District.

Key Details

• Financing Size: Increased to a maximum of $1,650,000.
• Share Consolidation: 10 existing Arcus common shares will be consolidated into 1 post‑consolidation share, resulting in 7,387,807 shares outstanding immediately prior to financing close.
• Tranche A: $500,000 offering of post‑consolidation units at $0.25 per unit; each unit = 1 post‑consolidation common share + 1 warrant (exercise price $0.40, two‑year term). Up to 2,000,000 shares and 2,000,000 warrants may be issued.
• Tranche B: $1,150,000 offering of post‑consolidation units at $0.30 per unit; each unit = 1 post‑consolidation common share + 1 warrant (exercise price $0.40, two‑year term). Up to 3,833,333 shares and 3,833,333 warrants may be issued.
• Post‑Financing Share Count: After consolidation and both tranches close, Arcus will have 13,221,140 common shares issued and outstanding.
• Use of Proceeds: General working capital and funding for the Touleary project (White Gold District, Yukon Territory).
• TSX Venture Exchange Listing: Arcus will apply to list its common shares as a Tier 2 company concurrently with the consolidation and financing.

Notable Quotes

“I am pleased that we can increase our financing capacity while simultaneously simplifying our capital structure through a share consolidation, positioning Arcus for continued growth at Touleary.” – Ian J. Talbot, President & CEO.