|Bid||0.0100 x 0|
|Ask||0.0150 x 0|
|Day's Range||0.0150 - 0.0150|
|52 Week Range||0.0100 - 0.0500|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In consideration of the sale of a 100% interest in the Dan Man property, Arcus has received the following from Goldcorp Kaminak: (i) the return of 14,400,000 Arcus shares originally sold to Newmont Goldcorp in October of 2016 as part of a structured financing; and (ii) a one percent (1%) net smelter return royalty interest in all future commercial production from the Dan Man property. Goldcorp Kaminak has the right to purchase the royalty interest at any time for $1,000,000.
In partial consideration of the sale of the Dan Man property pursuant to the term of a property purchase agreement dated October 22, 2019, Goldcorp Kaminak will return 14,400,000 Arcus shares (the “Shares”) to Arcus. The Shares were originally sold to Goldcorp Inc. in October of 2016 as part of a structured financing.
Arcus Development Group Inc. (ADG.V) (“Arcus”) announces that it has entered into a property purchase agreement dated October 22, 2019 (the “Agreement”) with Goldcorp Kaminak Ltd. (“Goldcorp Kaminak”), a subsidiary of Newmont Goldcorp Corporation (“Newmont Goldcorp”). Under the terms of the Agreement, Arcus has agreed to sell the Dan Man property to Goldcorp Kaminak (the “Transaction”). The Dan Man property is comprised of 413 quartz mining claims and is located in the White Gold District of Yukon Territory, immediately north and adjacent to the Goldcorp Kaminak Coffee gold project.
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