A share roll-back, a name change and a financing are expected to breathe new life into Shakwak Exploration. Lack of funds forced the company to delist from the Vancouver Stock Exchange in 1989.
Shakwak plans to roll its shares back on a one-for-eight basis, change its name to Arcturus Resources, and complete a public offering of 1.1 million shares at 35 cents each. Funds from the placement will be used for an initial phase of exploration on the company’s 100% owned Charleston claims in the Wheaton River area of the Yukon Territory.
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