On October 27, 2021, Arcus Development Group Inc. closed the transaction. Each warrant entitles the holder to purchase one Arcus common share at a price of CAD 0.05 per share at any time on or before Oct. 27, 2023. The transaction included participation from 38 placees, president, chief executive officer and director, Ian Talbot, 950,000 units, chief financial officer and director, James Gray, for 950,000 units, vice president and director, Grant Longhurst for 400,000 units, a pro group involvement consisting of one place for 500,000 units. The company has paid a cash finders' fee of CAD 14,200 and has issued 568,000 finders' warrants to Research Capital Corp. Each of the finders' warrants entitles the holder to purchase one Arcus common share at a price of CAD 0.05 per share at any time on or before Oct. 27, 2023. All of the securities issued as part of the offering are subject to a hold period in Canada until February 28, 2022. On November 2, 2021, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.