SOUTHERN ARC ANNOUNCES THE ISSUANCE OF BONUS SHARES TO INDONESIAN STAFF
Vancouver, B.C.: Southern Arc Minerals Inc. (TSXV: SA) announces that it has issued 210,000 common bonus shares to its Indonesian consultants, geologists and field personnel. The bonus shares are being issued in recognition of the services and performance of the Company's staff on behalf of the Company in connection with its Indonesian mineral properties. The bonus shares will be subject to hold periods pursuant to which 1/3 of the shares will become freely tradable on July 24, 2008, 1/3 on January 24, 2009 and 1/3 on July 24, 2009.
On behalf of the Board of
For more information please contact:
The securities described in this press release will not be or have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Latest News Releases
June 6, 2017
Southern Arc to Invest $5 million in Japan Gold Corp.read more
April 19, 2017
Southern Arc Announces Normal Course Issuer Bid read more
January 20, 2017
Southern Arc Provides Update on Strategic Investment in Tethyan Resources PLC read more