EAST ELANG PROJECT
In May 2016 Southern Arc sold its share of the East Elang property to an Indonesian individual for US$20,000 and a 3% NSR on all future sales or other disposition of mineral production from the property. Southern Arc's 3% NSR will allow the Company and its shareholders to benefit should East Elang advance to production.
In July 2014 Southern Arc sold its Taliwang project for US$1.75 million plus a 5% net smelter royalty. The Purchaser can buy back 3% of the NSR by paying Southern Arc US$3 million. To date Southern Arc has received US$1 million of the purchase price, with the remainder to be paid from 40% of gross revenue generated from the project.
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