BRIEF-Arcus Development Group to purchase Dawson Gold Joint Venture assets
Aug 2 (Reuters) - Arcus Development Group Inc :
* 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 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)
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