Southern Arc is building a successful track record of identifying and advancing high quality assets for the benefit of its shareholders, as demonstrated by its investment in Osisko Mining Inc.
Investment in Osisko Mining Inc.
In August 2013, Southern Arc invested $8,850,366 to acquire a 26% interest in Eagle Hill Exploration Corporation, which was advancing the high-grade Windfall Lake gold project in Quebec, Canada.
In July 2014, Southern Arc sold its Tailwang Project to a private Indonesian group for US$2,250,000.
In August 2015, Eagle Hill was acquired by Oban Mining Corp. (re-named Osisko Mining Inc.) for a 258% premium over market price, resulting in Southern Arc holding both shares and warrants in Osisko Mining.
As at October 27, 2017, all of the Company’s Osisko Mining warrants were exercised and all of Southern Arc’s remaining investment in Osisko Mining was sold. Overall, Southern Arc’s investment in Osisko Mining resulted in a net profit on the investment of $4,808,987.
Please see news release dated October 31, 2017 for details.