CANCELLATION AND GRANT OF STOCK OPTIONS
Vancouver, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) announces the cancellation of an aggregate 3,450,000 stock options which were exercisable at $1.56 per share, until September and October 2012. The stock options were originally granted in September and October 2007.
The Company further announces that it has granted stock options to directors and officers of the Company, in the amount of 3,500,000 common shares, exercisable at $0.40 per share for a period of five years.
On behalf of the Board of
Southern Arc Minerals Inc.
President and CEO
For more information please contact:
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.
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