EAST ELANG PROJECT
In May 2016 Southern Arc sold its share of the East Elang property to an Indonesian individual for US$20,000 and a 3% NSR on all future sales or other disposition of mineral production from the property. Southern Arc's 3% NSR will allow the Company and its shareholders to benefit should East Elang advance to production.
In July 2014 Southern Arc sold its Taliwang project for US$1.75 million plus a 5% net smelter royalty. The Purchaser can buy back 3% of the NSR by paying Southern Arc US$3 million. To date Southern Arc has received US$1 million of the purchase price, with the remainder to be paid from 40% of gross revenue generated from the project.
Latest News Releases
July 14, 2017
Southern Arc Announces Results from Special Meeting: Shareholders Approve $5 million Investment in Japan Gold read more
June 5, 2017
Southern Arc to Invest $5 million in Japan Gold Corp.read more
April 19, 2017
Southern Arc Announces Normal Course Issuer Bid read more