Southern Arc Announces Results of Special Meeting of Shareholders
September 23, 2011 – Vancouver, BC – Southern Arc Minerals (TSX-V: SA) (“Southern Arc” or the “Company”) is pleased to announce that Southern Arc’s shareholders approved all matters at the Company’s Special Meeting held on September 22, 2011 (the “Meeting”). A total of 31,914,398 shares, representing 29.84% of the total number of shares issued and outstanding, were voted at the Meeting. The following matters were approved and have now been implemented by the Board of Directors:
Mr. Mohammed Al-Shahwani was elected to the Board of Directors of the Company. Mr. Al-Shahwani is a Director of Tadeen Cyprus Holdings Limited and Chief Executive Officer of Qatar Mining Company. Qatar Mining, the sole shareholder of Tadeen Cyprus, is wholly owned by the State of Qatar and was established in late 2010 to undertake targeted investments in the mining and metals sector. Tadeen Cyprus and Qatar Mining seek to develop strategic joint venture partnerships with recognized leading companies in key commodities, and Tadeen Cyprus purchased a 9.99% interest in Southern Arc through a private placement in June 2011.
Mr. Al-Shahwani studied in the United Kingdom where he earned a BSc and an MBA and began his career in the oil and gas sector with Qatar Petroleum Company, where he was involved in major projects both in Qatar and around the world. During this time, he was also seconded for a period to Occidental Petroleum Corporation. Following his tenure at Qatar Petroleum, Mr. Al-Shahwani moved to Qatari Diar Real Estate Investments Company, a global real estate development and investment company, where he served as senior advisor to the Group CEO, and Group Director for Procurement and Contracts. During this time, Mr. Al-Shahwani served as a director on the boards of a number of companies for Qatari Diar in Turkey, Syria and Morocco.
The Company’s shareholders ratified Southern Arc’s Bonus and Compensation Plan, which permits the Company to distribute or option up to 1.3 million common shares of the Company from time to time to eligible persons, including directors, officers, employees or consultants of Southern Arc.
The Company is also pleased to announce that immediately following the Meeting, the Board of Directors appointed Ms. Celeste M. Curran as Vice President Corporate and Legal Affairs of Southern Arc. Ms. Curran has been managing international and corporate legal affairs for Southern Arc as a consultant since June 2010, and also manages the Canadian and international legal affairs of a number of public and private companies as an employee of J. Proust & Associates Inc., a public company management and venture capital company. Ms. Curran has more than 20 years of experience as a major projects lawyer in British Columbia. From 1998 to 2007, Ms. Curran was lead counsel for the City of Vancouver for the 2010 Olympic and Paralympic Winter Games. From 2007 to 2010, she provided legal advice to the City of Richmond on the 2010 Winter Games and a wide variety of municipal, real estate and regulatory matters. Ms. Curran is a graduate of Queens University, Ontario, where she completed a Bachelor of Arts (Honours) degree and a graduate of the University of Victoria, British Columbia, where she completed a Bachelor of Laws degree. Ms. Curran was called to the bar in British Columbia in 1989 and is currently a non-practising member of the British Columbia Law Society.
On behalf of the Board of Directors
Chairman and CEO
About Southern Arc
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Vice President Communications & Investor Relations
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