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

John Graham Proust, CEO and Director, disposed of 750,000 Common Shares on a direct ownership basis and 1,350,000 Common Shares on an indirect ownership basis for registered holder J. Proust & Associates Inc. at a price of $0.890 through a private transaction on October 16th, 2020. This represents a $534,000 net investment into the company's shares and an account share holdings change of greater than 100%.

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.