In the same category
Arcus Closes Private Placement With Existing Shareholders
Published : April 08, 2015
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Debt | Market | Unallocated |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - Arcus Development Group Inc. (News - Market indicators) ("Arcus") announces that has closed the non-brokered private placement announced on January 23, 2015. Total proceeds raised were $92,000. The placement consisted of a unit offering (the "Units") to existing shareholders at a price of $0.02 per Unit. Each Unit was comprised of one Arcus share and one share purchase warrant. Each warrant entitles the holder to purchase an additional Arcus share at a price of $0.05 at any time prior to 5:00 p.m. (Vancouver time) on April 8, 2017.

The placement is subject to TSX Venture Exchange ("Exchange") final acceptance. No finder's fees or sales commissions were paid in respect of the placement. The Arcus securities issued as part of the placement are subject to a hold period expiring on August 9, 2015.

Use of Proceeds

The proceeds of the placement will be used by Arcus as future working capital. Arcus has no current debt and there are no outstanding amounts payable to any related parties. No portion of the Offering proceeds will be used to pay management fees or salaries. The $92,000 proceeds from the placement will be used to fund working capital expenditures over the next 12 months, consisting of: (i) legal and transfer agent fees ($15,000); (ii) financial audit ($14,000); (iii) regulatory fees ($6,000); (iv) general operating expenses (office rent, telephone, website, insurance) ($30,000); and (v) unallocated working capital ($27,000).

Existing Shareholder Exemption

The Units were sold in accordance with the provisions of the existing shareholder exemption (the "Existing Shareholder Exemption") contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the Existing Shareholder Exemption is not available in Ontario or Newfoundland and Labrador). All placement investors were existing Arcus shareholders as of January 22, 2015, the record date for the purposes of participating in the placement. No investment in the placement by any individual or company exceeded $15,000. Three Arcus directors participated in the placement.

On behalf of Arcus Development Group Inc.

Ian J. Talbot, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

Arcus Development Group Inc.

EXPLORATION STAGE
CODE : ADG.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Arcus Development Group is a exploration company based in Canada.

Arcus Development Group holds various exploration projects in Canada.

Its main exploration properties are CHAPALOTA PROPERTY and LA VENTOSA in Mexico and DAWSON PROJECT in Canada.

Arcus Development Group is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 914 848, € 853 004).

Its stock quote reached its highest recent level on September 10, 2010 at CA$ 0.48, and its lowest recent point on December 09, 2022 at CA$ 0.01.

Arcus Development Group has 76 280 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Arcus Development Group Inc.
4/8/2015Closes Private Placement With Existing Shareholders
8/6/2013Financing Completed
8/6/2013Financing Completed
6/16/2010Arrranges Flow-Through Financing for White Gold Area Explora...
Project news of Arcus Development Group Inc.
12/9/2009(Dawson Project)Identifies Multiple Anomalies on Its Dawson Gold Properties
Corporate news of Arcus Development Group Inc.
4/8/2015Arcus Closes Private Placement With Existing Shareholders
1/23/2015Arcus Announces Private Placement to Existing Shareholders
7/29/2013Financing and Project Update
6/8/2011Starts 2011 Dawson Gold Program
5/4/2011Dawson Gold Airborne Survey Completed
3/30/2011Dawson Gold Airborne Magnetometer Survey Commences
1/5/2010Additional Dawson Gold Results
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ADG.V)
0.015+0.00%
TSX-V
CA$ 0.015
03/14 15:53 -
0%
Prev close Open
0.015 0.025
Low High
0.015 0.025
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -%
Volume 1 month var.
53,000 -%
24hGold TrendPower© : 18
Produces
Develops
Explores for Copper - Gold - Lead - Molybdenum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 7/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
202350.00%0.030.02
2022-66.67%0.040.01
20210.00%0.040.03
2020100.00%0.040.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
error

 

 

THE REQUESTED URL IS UNCORRECT

Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !