VANCOUVER, Dec. 12, 2017 /CNW/ - Southern Arc Minerals Inc. has completed the sale of the West Lombok Property to PT Ancora Indonesia Resources, Tbk , in consideration for a US$2 million cash payment and the granting of a 3% Net Smelter Return royalty . Under the terms of the agreement, PT Ancora has the right to buy back the NSR from Southern Arc at any time by paying an additional US$2 million. Southern Arc has used [...]
Southern Arc Minerals is pleased to announce that it intends to make an additional investment of up to $950,000 in Tethyan Resources. Tethyan is listed on the TSX Venture Exchange and is exploring for copper and gold within the Western Tethyan Orogenic Belt in the European Balkan Region. Southern Arc intends to subscribe for up to 3.167 million additional new ordinary shares in Tethyan at a price of C$0.30 per ordinary [...]
VANCOUVER, Oct. 31, 2017 /CNW/ - Southern Arc Minerals Inc. (TSX-V: SA) ("Southern Arc" or the "Company") has released the results of its fiscal year ended June 30, 2017. All amounts are in Canadian dollars unless otherwise stated. Chairman and CEO, John Proust, stated, "Southern Arc is pleased to report on the progress of its revised business strategy as initiated at the end of 2012. In December 2012, Southern Arc [...]
VANCOUVER, Sept. 5, 2017 /CNW/ - Southern Arc Minerals Inc. (TSX-V: SA) ("Southern Arc" or the "Company") is pleased to announce that it has entered into a binding term sheet with PT Ancora Indonesia Resources, Tbk ("PT AIR"), an Indonesian public company listed on the Jakarta Stock Exchange, pursuant to which PT AIR will acquire all of the issued and outstanding shares of Southern Arc's Singaporean subsidiary, Indotan [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 17, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") announces the results of its special meeting of shareholders (the "Meeting") held on July 14, 2017, in [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2017) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to announce that it has agreed to the terms of a financing with Japan Gold Corp. (TSX VENTURE:JG [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2017) - Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted the Company's notice of intention to make a normal course issuer bid ("NCIB"). Under the terms of the NCIB, Southern Arc may acquire up to an aggregate of 761,280 common shares, representing 5% of current issued [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 30, 2017) - Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to provide an update on its strategic investment in Tethyan Resources PLC ("Tethyan"). Tethyan has announced the results of the remaining 3 drill holes (RD 002 - RD 004) following the completion of its 4 diamond drill hole programme (total 2,318 metres) at the Rudnitza [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 20, 2017) - Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to provide an update on its strategic investment in Tethyan Resources PLC ("Tethyan"). Tethyan has announced that: It has completed its 4 diamond drill hole program (total 2,318 m) at the Rudnitza copper-gold porphyry project located within the Suva Ruda exploration permit [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 23, 2016) - Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc") announces that further to its news release dated November 22, 2016 it has completed the purchase of an additional 12.5 million new ordinary shares in Tethyan Resources PLC (AIM:TETH) ("Tethyan") at a price of C$0.036 per share. Tethyan received shareholder approval for Southern Arc's subscription at a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 8, 2016) - Southern Arc Minerals Inc. (TSX VENTURE: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 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2016) - Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to announce that further to its news release dated November 21, 2016, Southern Arc has agreed to make an additional investment in Tethyan Resources PLC (AIM:TETH) ("Tethyan"). Tethyan is an AIM quoted junior exploration company exploring for copper and gold within the Western [...]