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Off-market insider buying at Southern Arc Minerals (V:SA)

Updated Tuesday Jan 07, 2020 01:30 AM EDT

John Graham Proust, CEO and Director, acquired 850,000 Common Shares on an indirect ownership basis for registered holder Gwen Proust 2018 Alter Ego Trust at a price of $0.350 through a prospectus or prospectus exempt offering on January 3rd, 2020. This represents a $297,500 investment into the company's shares and an account share holdings change of 27.4%.

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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Go to Southern Arc Minerals Inc. (SA)'s company page

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