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Arcus Development ( ($TSE:ADG.H) ) has provided an update.
Arcus Development Group Inc. will implement a 10-for-1 share consolidation effective at the start of trading on December 30, 2025, reducing its outstanding common shares from 73,878,065 to 7,387,807 before giving effect to a concurrent financing, after which 13,221,140 shares will be outstanding. On the same date, the company expects to close two non-brokered private placements totaling $1.65 million, issuing units with accompanying warrants priced at $0.40, with proceeds earmarked for general working capital and exploration work at its Touleary project in Yukon, a move that strengthens its balance sheet and supports ongoing advancement of its key asset.
More about Arcus Development
Arcus Development Group Inc. is a Vancouver-based mineral exploration company focused on advancing its wholly owned Touleary project in the White Gold District of Yukon Territory. The company is listed on the TSX Venture Exchange and seeks to fund exploration and general corporate purposes through equity financings in the junior mining sector.
Average Trading Volume: 103,963
Technical Sentiment Signal: Buy
Current Market Cap: C$2.59M
For detailed information about ADG.H stock, go to TipRanks’ Stock Analysis page.