VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / Core Silver Corp. (CNSX:CC)(FSE:8ZR)(OTCQB:CCOOF) (“Core Silver”) and Arcus Development Group Inc. (TSXV:ADG) (“Arcus”, and together with Core Silver, the “Companies”) are pleased to announce that, further to their joint news releases dated April 27, 2026 and June 17, 2026, they have entered into an arrangement agreement dated July 9, 2026 (the “Agreement”) for an at-market business combination. Pursuant to the Agreement, Core Silver will acquire all of the issued and outstanding common shares of Arcus (each whole such common share, an “Arcus Share”, and collectively, the “Arcus Shares”) on a 1:1 basis (the “Exchange Ratio”) in an all share transaction pursuant to a court-approved plan of arrangement (the “Transaction”).
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Brief Summary
Core Silver Corp. and Arcus Development Group Inc. have finalized a strategic arrangement agreement for a business combination.
- Core Silver will acquire all outstanding common shares of Arcus.
- The exchange ratio is set at 1:1 for Arcus shares.
- This transaction is a court-approved plan of arrangement.
- It follows previous announcements in April and June 2026.
- Both companies aim to enhance shareholder value.
Why it matters: This merger could strengthen Core Silver’s market position and offer growth opportunities for both entities.
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