SOUTHERN ARC ENGAGES INVESTOR RELATIONS CONSULTANT
VANCOUVER, B.C.: Southern Arc Minerals Inc. (TSX Venture: SA) is pleased to announce that, subject to TSX Venture Exchange acceptance, it has engaged T. Philip Cook of Vancouver, B.C. to perform investor relations services, initially for a period of 6 months. Mr. Cook is an experienced investor relations and shareholder communications consultant, having worked with listed companies in Canada and the U.S. since 1998.
Mr. Cook will be primarily responsible for developing and implementing a comprehensive communications strategy with his list of contacts at brokerage houses in order to raise awareness about Southern Arc and its properties in Indonesia.
The Company has agreed to pay Mr. Cook a consulting fee of $3,500 per month and grant him options to purchase 75,000 common shares of the Company at $0.35. These options may be exercised for a period of 5 years and vest 1/3 (25,000) every two months. If the Company retains Mr. Cook after 6 months, 12,500 of the options will vest 9 months from the contract date with the remaining 12,500 options vesting in 12 months.