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The latest announcement is out from Arcus Development ( ($TSE:ADG.H) ).
Arcus Development Group Inc. has announced an increase in its private placement offerings, raising a total of $1.5 million through a combination of original and additional offerings. The company will also undergo a share consolidation to streamline its capital structure. The funds raised will be used for general working capital and to support its Touleary project in Yukon Territory. Arcus plans to list its shares on the TSX Venture Exchange as a Tier 2 company, which could enhance its visibility and market positioning.
More about Arcus Development
Arcus Development Group Inc. operates in the mining industry, focusing on exploration and development projects. The company is involved in the White Gold District of Yukon Territory and aims to enhance its market presence by listing on the TSX Venture Exchange.
Average Trading Volume: 97,001
Technical Sentiment Signal: Buy
Current Market Cap: C$2.96M
For a thorough assessment of ADG.H stock, go to TipRanks’ Stock Analysis page.