SOUTHERN ARC AMENDS EXERCISE PRICE OF 4,716,418 SHARE PURCHASE WARRANTS
Vancouver, British Columbia: Southern Arc Minerals Inc. (TSXV: SA) wishes to announce that, subject to TSX Venture Exchange acceptance, it will amend the exercise price of 4,716,418 share purchase warrants from to $1.75 to $0.70. 4,480,168 of the warrants expire on December 17, 2009. 150,000 of the warrants expire on December 18, 2009 and 86,250 of the warrants expire on January 8, 2010. The Company will seek the consent from the holders of 86,250 warrants expiring on January 8, 2010 to exercise their warrants on or before December 18, 2009.
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 or 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. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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