October 26, 2018 – Vancouver, British Columbia - Southern Arc Minerals Inc. (TSX-V: SA) (“Southern Arc” or the “Company”) is pleased to announce that the Company has received aggregate funds of US$1,250,000, US$750,000 of which represents final payment from a prominent Indonesian businessman for the Company’s previously announced sale of the Taliwang project.  The balance of the funds (US$500,000) represent the consideration paid to Southern Arc for selling and assigning its 5.0% net smelter return interest in the Taliwang project to Kratos Limited, a British Virgin Islands company, pursuant to a royalty purchase and assignment agreement.

“The funds from the final payment for the Taliwang asset and the associated royalty sale allow Southern Arc the ability to continue to participate in equity financings offered by its current portfolio of investee companies and to consider new investment opportunities.” said John Proust, Chairman & CEO of Southern Arc.

About Southern Arc
Southern Arc is a Canadian company focused on enhancing shareholder value through strategic investments in mineral resource companies with a focus on gold and copper-gold. Southern Arc's management team identifies highly prospective assets in politically safe jurisdictions and seeks to unlock their value by providing strategic investments, proven technical skills, global knowledge, and increased access to industry relationships. More information is available at www.southernarcminerals.com or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

On behalf of the Board of Southern Arc Minerals Inc.

“John Proust”

Chairman & CEO

Southern Arc Contact

John Proust
Chairman & CEO
Phone: 778-725-1490
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Head Office
Southern Arc Minerals Inc.
Suite 650
669 Howe St
Vancouver, BC Canada V6C 0B4
Telephone: +1-778-725-1490
Fax: +1-604-428-1124

 

Investor Relations
John Proust,
Chairman & CEO
Telephone: +1-778-725-1482

E-mail
info@SouthernArcMinerals.com