Southern Arc Completes Purchase of Existing Shares in Tethyan Resources PLC
December 08, 2016 – Vancouver, BC – Southern Arc Minerals Inc. (TSX-V: SA) (“Southern Arc” or the “Company”) announces that further to its news release dated November 21, 2016 it has completed the purchase of 14,653,966 existing ordinary shares in Tethyan Resources PLC (AIM:TETH) (“Tethyan”) from Newmont Ventures Limited for C$0.036 per share, as part of the Company’s strategy to become a strategic investor in Tethyan. Tethyan is an AIM quoted junior exploration company exploring for copper and gold within the Western Tethyan Orogenic Belt in the European Balkan Region. Southern Arc currently owns 29.15% of Tethyan’s issued and outstanding ordinary shares.
As previously announced, Southern Arc has agreed to subscribe for an additional 12.5 million new ordinary shares in Tethyan at a price of C$0.036 per share (the “Additional Subscription”). The closing of the Additional Subscription remains subject to Tethyan obtaining shareholder approval at a meeting of its shareholders scheduled for December 12th, 2016. On closing of the Additional Subscription, Southern Arc will own 29.9% of Tethyan’s issued and outstanding ordinary shares.
On behalf of the Board of Southern Arc Minerals Inc.
“John Proust”
Chairman & CEO
About Southern Arc
Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company holds an interest in the West Lombok project in Indonesia, a resource-stage property with several gold-rich copper porphyry and epithermal gold vein prospects. Southern Arc holds a 42.9% interest in Japan Gold Corp., which has applied for 80 prospecting rights licenses in Japan in an area with known gold occurrences and a history of mining. Southern Arc also holds an investment in Osisko Mining Inc. (TSX: OSK), which is advancing a number of gold projects in Canada’s Abitibi Gold Belt, including the high-grade Windfall Lake Gold Project in Quebec, Canada. 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..
Southern Arc Contact
John Proust
Chairman & CEO
Phone: 604-609-6147
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
