SOUTHERN ARC PROVIDES A FURTHER UPDATE ON THE REVISION OF THE PROVINCIAL REGULATION (PERDA)
Vancouver, B.C.: Southern Arc Minerals Inc. ("Southern Arc” or the "Company”) (TSX Venture: SA) announces the following update to its previous news release dated December 1, 2009 pertaining to the revision of the West Nusa Tenggara Provincial Spatial Planning Regulation ("Perda”).
The National Spatial Planning Body ("NSPB”) had previously scheduled to internally endorse the new regulations in a formal ceremony on December 10, 2009. The matter has, instead, been referred directly to the Minister of Public Works, who oversees the NSPB, for his signature.
Once signed by the Minister, the revised Perda will be presented to the Provincial Legislative Body in Mataram for final approval and enactment into law. The company will provide a further update when the Minister has signed the revised Perda and a date has been set for the legislative vote.
On behalf of the Board of
President and CEO
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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