Southern Arc (SA-V) Sept 30, '15 announces that it has received approval from the TSX Venture Exchange for the previously announced consolidation of its common shares on a ten for one (10:1) basis. The Company's common shares will begin trading on a post-consolidated basis on the TSX Venture Exchange on October 1, 2015. The Company's name and trading symbol will remain unchanged. The Company currently has 109,214,510 common shares issued and outstanding. Following the consolidation, the Company will have approximately 10,921,449 common shares issued and outstanding. No fractional shares will be issued. All fractional shares resulting from the consolidation will be rounded down to the nearest whole number of common shares.
Registered shareholders will receive a letter of transmittal from the Company's transfer agent, Computershare Trust Company of Canada, after the effective date of the consolidation. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements representing pre-consolidation common shares for new share certificates or DRS statements representing post-consolidation common shares. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the consolidation.
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, Executive Chairman & Chief Executive Officer
About Southern Arc Minerals
Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company is advancing two properties in Indonesia: West Lombok, a resource-stage property with several gold rich copper porphyry and epithermal gold vein prospects, and East Elang, a grassroots exploration property that will be advanced in partnership with Vale International SA. Southern Arc also owns nearly 7% of Oban Mining Corporation, which is advancing the high-grade Windfall Lake Gold Project in Quebec, Canada, and has applied for 38 exploration licenses in Northern Japan in an underexplored area with known gold occurrences and a history of mining. More information is available at www.southernarcminerals.com.
Southern Arc Contact
Rhylin Bailie, Vice President,
Communications & Investor Relations
604-609-6147
info@southernarcminerals.com |
