Arcland Resources Inc. announced a non-brokered private placement of 10,000,000 shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 500,000 on May 15, 2021. The transaction will include participation from China Blue Capital Group, individual investor Ken Kun Wang for 2,600,000 shares representing 19.65% of the issued and outstanding shares on a non-diluted basis, directors and officers of the company and other related parties. The transaction is subject to regulatory approval, including approval of the TSX Venture Exchange.

The shares to be issued will be subject to a 4 month hold period from the date of issuance. The company will not pay commission or finders' fees paid in the transaction. The transaction will include participation from 12 placees, Ken Wang for 3,000,000, David Mark for 100,000, Chief China Resources Ltd. (Richard Du) for 1.4 million.

Total pro group involvement: 850,000 including two placees.