Arcus Development Group Inc.
TSX VENTURE : ADG

Arcus Development Group Inc.

August 06, 2013 12:33 ET

Arcus Financing Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 6, 2013) - Arcus Development Group Inc. ("Arcus") (TSX VENTURE:ADG) reports that the $100,000 non-brokered private placement announced on July 29, 2013 has been completed. The placement consisted of the sale of 3,333,333 common shares at a price of $0.03 per share. The sole investor under the placement was Strategic Metals Ltd. ("Strategic Metals") which now holds an 8.25% interest in Arcus.

No finder's fee or sales commission was paid in respect of the placement. All shares issued under the placement are subject to a hold period expiring on December 7, 2013. The placement was conducted pursuant to the TSX Venture Exchange bulletin dated April 12, 2013, Private Placements - Extension and Modification of Temporary Relief from Certain Pricing Requirements.

Proceeds from the placement will be used by Arcus to pay annual audit fees, general operating costs including office rent, accounting fees, insurance, Exchange sustaining fees, regulatory filing fees and transfer agent fees. There are no outstanding liabilities owed by Arcus to related parties and no proceeds from the placement will be used to make any related party payments. No Arcus board member has any interest in the placement.

On behalf of Arcus Development Group Inc.

Ian J. Talbot, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

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