Arcus Development Group Inc. Shareholders Approve Acquisition by Core Silver Corp.

Vancouver-based Arcus Development Group Inc. announced that its shareholders have approved the proposed arrangement with Core Silver Corp. The plan of arrangement involves Core Silver acquiring all issued and outstanding common shares of Arcus, exchanging them for shares in Core Silver. This initiative received overwhelming backing, with 96.93% of votes cast in favor during the special meeting held on August 25, 2026.

Shareholders representing 70.26% of Arcus's shares participated in the meeting. However, the completion of the transaction is still subject to the final order from the Supreme Court of British Columbia, along with necessary stock exchange approvals.

An approval hearing is scheduled for August 28, 2026. Post-hearing, and if conditions are met, the transaction is set for completion shortly. The shareholders also approved internal company matters, including director elections and stock option plans.