Arcus Announces a Further Increase to Private Placement and Share Consolidation

Core Viewpoint - Arcus Development Group Inc. is increasing its ongoing private placement financing to a maximum of $1,650,000, which will coincide with a share consolidation of 10 existing shares for 1 post-consolidation share [1] Financing Details - The financing will consist of two tranches: - The first tranche will raise $500,000 at a price of $0.25 per unit, issuing up to 2,000,000 post-consolidation shares and warrants [1] - The second tranche will raise $1,150,000 at a price of $0.30 per unit, issuing up to 3,833,333 post-consolidation shares and warrants [1] Share Consolidation - Prior to the financing, Arcus will consolidate its shares, resulting in 7,387,807 common shares issued and outstanding immediately before the financing [1] - After the completion of both tranches and the share consolidation, Arcus will have a total of 13,221,140 common shares issued and outstanding [2] Use of Proceeds - The proceeds from the financing will be utilized for general working capital and to fund activities at the wholly owned Touleary project in the White Gold District of Yukon Territory [2] Listing Plans - Arcus plans to apply for listing its common shares on the TSX Venture Exchange as a Tier 2 company concurrently with the share consolidation and financing [3]