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Vancouver, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) is pleased to announce that it has increased the amount that it intends to raise pursuant to its recently-announced non-brokered private placement from $1.05 million to a maximum of $1.5 million. The Company intends to issue up to 4,285,714 units of the Company at a price of $0.35 per unit. Each unit will consist of one common share and one-half (1/2) of a non-transferable share purchase warrant. Each full warrant is exercisable into one additional common share at an exercise price of $0.50 per common share for a period of two (2) years from closing. The placement is subject to regulatory acceptance.

The proceeds of the private placement will be used to advance existing properties, for ongoing acquisitions and for general working capital.

On behalf of the Board of
Southern Arc Minerals Inc.

"John Proust"

Per: John G. Proust
President and CEO

Southern Arc Minerals Inc.
Suite 1500, Box 1078,
885 West Georgia Street,
Vancouver, BC V6C 3E8 Canada
Telephone: (604) 676-5241 Fax: (604) 676-5246

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

TSX-V: SA Quote: $ Change:

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Southern Arc Agrees to Sell West Lombok Property read more

  • Address
  • Southern Arc Minerals Inc.
    Suite 650
    669 Howe St
    Vancouver, BC   Canada V6C 0B4
    Telephone: +1-778-725-1490
    Fax: +1-604-428-1124
  • Graha Sentana Building, 4th Floor
    Jalan Buncit Raya No. 2
    Jakarta Selatan,12760   Indonesia
    Telephone: +62-21-7918-8612
    Fax: +62-21-7918-8613