Neil S. Subin, a 10% Holder, acquired 20,369 Common Shares on a control or direction basis for registered holder LIMFAM LLC, 3,440 Common Shares on a control or direction basis for registered holder Lloyd I. Miller, III Revocable Trust, 110,956 Common Shares on a control or direction basis for registered holder Lloyd I. Miller, III Trust A-4 and 111,268 Common Shares on a control or direction basis for registered holder MBM Trust A-4 and 258,917 Common Shares on a control or direction basis for registered holder MILFAM II L.P. at a price of $0.350 through a private transaction on October 31st, 2019. This represents a $176,732 investment into the company's shares and an account share holdings change of 20.8%.
Southern Arc Minerals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Southern Arc Minerals Inc is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of resource properties. The Company is focused on gold and copper-gold exploration. The Company is focused on advancing the Windfall Lake Gold Project located in the Abitibi Gold Belt in Quebec, Canada. The Company holds interest in the West Lombok project in Indonesia, a resource-stage property with various gold-rich copper porphyry and epithermal gold vein prospects. The West Lombok property consists of approximately 13 kilometers long by approximately seven kilometers wide structural corridor of hydrothermal mineralization and alteration on Indonesia's Lombok Island. The Company also holds a net smelter returns royalty in the East Elang project, which is located on Sumbawa Island, and covers approximately 9,670 hectares. The Company also holds an investment in Osisko Mining Corporation, which is advancing various gold projects in Canada.
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