Goldcorp nabs stake in another Yukon explorer

Arcus Development Group Inc. announced Oct. 24 that Goldcorp Inc. intends to participate in a non-brokered private placement which will give the major a 19.9 percent interest in the Yukon-focused gold explorer.

The financing will involve 12,610,916 flow-through units to be sold at C10 each and 1,789,084 regular units to be sold at C7.7 cents each. Each unit will consist of one Arcus common share a...