Brief: Arcus Development Group to purchase Dawson Gold Joint Venture assets

Arcus Development

02/08/2016 15:41

Aug 2 (Reuters) - Arcus Development Group Inc  ADG.V  :   
    * Arcus to purchase Dawson gold joint venture assets 
    * As payment for ATAC's 50% interest in 4 JV, Arcus will 
issue ATAC 10.9 million common shares and 5 million share 
purchase warrants 
    * Warrants will entitle ATAC to buy additional 5 million 
Arcus shares at $0.20/share at any time within five years after 
closing of deal 
    * 10.9 million shares being issued to ATAC will result in 
ATAC holding 19.99% of co's share capital following completion 
of deal 
 
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