Southern Arc Minerals Inc.

Southern Arc Minerals Inc. announces that all matters put forward before the shareholders at its Annual General Meeting of Shareholders held on December 12, 2019 were approved. At the meeting, all six of the individuals nominated for the board of directors were re-elected, being John Proust, Michael Andrews, Khalid Al Obaidli, Robert Gallagher, Morris Klid and John Carlile. Shareholders re-appointed KPMG LLP as auditors [...]

Southern Arc Minerals Inc. is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement. The Company sold 2,150,000 common shares at a price of C$0.35 per share for gross proceeds of C$752,500 in the first tranche closing of the private placement. No finder's fees were paid in connection with the financing. The proceeds of the private placement will be used for general [...]

Southern Arc Minerals Inc. announces the terms of a non-brokered private placement for gross proceeds of up to C$1,050,000 through the issuance of up to 3 million common shares at a price of C$0.35 per Share. John Proust, Southern Arc's Chairman and CEO, will be subscribing for 2 million Shares of the Private Placement through a trust, of which he is the sole trustee . The balance of 1 million Shares will be available for [...]

Southern Arc Minerals Inc. announces that, in connection with the recently completed C$3.3 million financing completed by Tethyan Resources Plc , Southern Arc has granted an exclusive call option to purchase up to 5,000,000 of Southern Arc's ordinary shares in Tethyan. The call option was granted to Augusta Investments Inc. , a private company beneficially owned by Richard Warke. The call option is valid for a period of [...]

Southern Arc Minerals Inc. announced that the board of directors of the Company has approved the granting of 455,000 incentive stock options to certain directors and officers of the Company. The Options are exercisable at a price of $0.35 per share for a period of five years from the date of grant. On behalf of the Board of Southern Arc Minerals Inc. "John Proust" Chairman & CEO About Southern Arc Southern Arc is a [...]

Southern Arc Minerals Inc. is pleased to announce that Japan Gold Corp. intends to raise approximately $6.65 million through the issuance of 44,333,334 common shares at a price of $0.15 per Share by way of a private placement to certain strategic investors, including Goldcorp Inc. and RCF Opportunities Fund L.P. . As part of the Offering, Goldcorp has agreed to subscribe for 22,602,634 Shares and RCF Opps has agreed to [...]

Southern Arc Minerals Inc. announces all resolutions were passed at its annual general meeting of shareholders held on December 7, 2018. Each of the nominees for elections as directors listed in the Company's information circular dated November 1, 2018 were elected as directors of the Company for the ensuing year and the number of directors was fixed at 6 . John Proust, Dr. Michael Andrews, John Carlile, Khalid Al [...]

Southern Arc Minerals Inc. is pleased to announce that it has purchased 7,500,000 units in Rise Gold Corp. at a price of C$0.10 per unit for an aggregate purchase price of C$750,000 by way of private placement. Each unit consists of one share of Rise Gold's common stock and one-half of one share purchase warrant. Each whole warrant is exercisable into one additional share of Rise Gold's common stock at an exercise price [...]

Southern Arc Minerals Inc. is pleased to announce that the Company has received aggregate funds of US$1,250,000, US$750,000 of which represents final payment from a prominent Indonesian businessman for the Company's previously announced sale of the Taliwang project. The balance of the funds represent the consideration paid to Southern Arc for selling and assigning its 5.0% net smelter return interest in the Taliwang [...]

Southern Arc Minerals is pleased to announce that it has purchased 1,600,000 units in Tethyan Resources at a price of C$0.25 per unit for an aggregate purchase price of C$400,000 by way of private placement. Each unit is comprised of one ordinary share and one-half of one transferable share purchase warrant of Tethyan. Each whole warrant is exercisable into one ordinary share of Tethyan at an exercise price of C$0.35 per [...]