GlobeNewswire2 months ago
Arcus Development Group Inc. (ADG.V) (“Arcus”) announces that it will carry out the non-brokered private placement of up to 5,000,000 flow-through shares at a price of $0.05 per share (the “Offering”). The maximum proceeds from the Offering will be $250,000. Arcus does not anticipate paying any finders’ fees in respect of the Offering. Proceeds from the Offering will be used to drill test the Bengal zone, a gold-in-soil geochemical anomaly on the company’s wholly-owned Dan Man property, located immediately north and adjacent to the Goldcorp Coffee property in Yukon Territory. All proceeds from the Offering will be used by Arcus to incur eligible Canadian exploration expenses which will be renounced to investors for the fiscal year ending December 31, 2018.