Southern Arc Undertakes Strategic Review of Indonesian Properties
November 26 2012 - 6:17AM
Marketwired Canada
Southern Arc Minerals (TSX VENTURE:SA)(OTCQX:SOACF) ("Southern Arc" or "the
Company") today announced that the Company's Board of Directors, while pleased
with the issuance of a Pinjam Pakai permit for the West Lombok property, has
decided to conduct a strategic review of all of the Company's properties in
Indonesia.
The Company has delayed the previously announced drilling program on the West
Lombok property, pending completion of this review. The Company anticipates
providing an update to shareholders by December 14.
Southern Arc held its annual general meeting on Friday, November 23.
Shareholders approved all matters put before them at the meeting and elected
Messrs. John G. Proust, Michael J. Andrews, David M. R. Stone, Robert J.
Gallagher and Mohammed Al-Shahwani to the Board of Directors.
The Company also announced that Hamish Campbell did not stand for election to
the Company's Board of Directors. "Hamish Campbell has played an integral role
in the Company's development," said John Proust, Chairman and Chief Executive
Officer of Southern Arc. "We wish him the best with his future endeavors."
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, Chairman & Chief Executive Officer
About Southern Arc
Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on
gold and copper-gold exploration. The Company's portfolio includes four
exploration projects with epithermal gold and copper-gold porphyry prospects on
the Lombok and Sumbawa islands in Indonesia, one of which is being advanced in
partnership with Vale S.A. The Company's key exploration property is its West
Lombok project, with several gold-rich copper porphyry and epithermal gold vein
prospects. Southern Arc is listed on the TSX Venture Exchange under the symbol
SA and on the OTCQX International under the symbol SOACF. More information is
available at www.southernarcminerals.com or by emailing
info@southernarcminerals.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Southern Arc Minerals Inc.
Rhylin Bailie
Vice President, Communications & Investor Relations
604-676-5241
info@southernarcminerals.com
www.southernarcminerals.com
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