Provincial Legislature Ratifies The Revised Provincial Regulation (Perda)
Vancouver, B.C.: Southern Arc Minerals Inc. (“Southern Arc” or the “Company”) (TSX Venture: SA) provides the following update to its previous news releases pertaining to the West Nusa Tenggara Provincial Spatial Planning Regulation (“Perda”).
The Company is pleased to report that the Provincial Legislature has ratified the revised provincial regulation (Perda).
The Company’s current understanding is that next steps in the process are for the ratified document to be endorsed by the Department of Home Affairs in Jakarta and subsequently enacted into law by the Governor of West Nusa Tenggara.
The company will issue a news release when the revised Perda becomes law.
On behalf of the Board of
Southern Arc Minerals Inc.
“John 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
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated flow rates, timing for initiation of commercial production, future events and operations, number of wells to be drilled, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company’s capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. 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.
The Company is pleased to report that the Provincial Legislature has ratified the revised provincial regulation (Perda).
The Company’s current understanding is that next steps in the process are for the ratified document to be endorsed by the Department of Home Affairs in Jakarta and subsequently enacted into law by the Governor of West Nusa Tenggara.
The company will issue a news release when the revised Perda becomes law.
On behalf of the Board of
Southern Arc Minerals Inc.
“John 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
Forward Looking Statements: This news release contains forward looking statements relating to expected or anticipated flow rates, timing for initiation of commercial production, future events and operations, number of wells to be drilled, timing of projects and anticipated results that are forward looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the company’s capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release. 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.
