Brief: Arcus Development announces concurrent private placements
24/10/2016 12:30
Oct 24 (Reuters) - Arcus Development Group Inc ADG.V
* Arcus Development announces concurrent private placements;
Goldcorp Inc to acquire 19.9%
* Arcus Development says flow-through unit offering will
consist of 12.6 million units, non-flow-through unit offering
will consist of 1.8 million units
* Arcus says FT units will be sold at a price of $0.10 per
unit, and NFT units will be sold at a price of $0.077 per unit
* Arcus says proceeds from sale of FT units to be used to
incur eligible Canadian exploration expenses at wholly-owned dan
man property
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