South­ern Arc to ac­quire 3.16 mil­lion Tethyan shares

Stockwatch Daily - - MINES & METALS - Mr. John Proust re­ports

SOUTH­ERN ARC Min­er­als Inc. in­tends to make an ad­di­tional in­vest­ment of up to $950,000 in Tethyan Re­sources PLC. Tethyan is listed on the TSX Ven­ture Ex­change and is ex­plor­ing for cop­per and gold within the West­ern Tethyan Oro­genic belt in the Euro­pean Balkan re­gion.

South­ern Arc in­tends to sub­scribe for up to 3.16 mil­lion ad­di­tional new or­di­nary shares in Tethyan at a price of 30 cents per post­con­sol­i­dated or­di­nary share. The clos­ing of the place­ment is sub­ject to a num­ber of con­di­tions in­clud­ing: Tethyan com­plet­ing the share con­sol­i­da­tion on the ba­sis of one new or­di­nary share for each six ex­ist­ing or­di­nary shares; and TSX Ven­ture Ex­change ap­proval of the pri­vate place­ment for Tethyan.

South­ern Arc presently owns 29.9 per cent of the is­sued and out­stand­ing or­di­nary shares of Tethyan on an undi­luted ba­sis and will not ex­ceed that per­cent­age on clos­ing of the place­ment. The pro­posed pri­vate place­ment by South­ern Arc will be a re­lated party trans­ac­tion within the mean­ing of Mul­ti­lat­eral In­stru­ment 61-101 — Pro­tec­tion of Mi­nor­ity Se­cu­rity Hold­ers in Spe­cial Trans­ac­tions by virtue of South­ern Arc be­ing a con­trol per­son of Tethyan. The pri­vate place­ment is ex­empt from the for­mal val­u­a­tion re­quire­ments of MI 61-101 pur­suant to Sec­tion 5.5 (b) thereof and is ex­empt from the mi­nor­ity share­holder ap­proval re­quire­ments by virtue of Sec­tion 5.7 (a) thereof.

About South­ern Arc Min­er­als Inc.

South­ern Arc is a Cana­dian com­pany fo­cused on en­hanc­ing share­holder value through strate­gic in­vest­ments in min­eral re­source com­pa­nies with a fo­cus on gold and cop­per-gold. South­ern Arc’s man­age­ment team iden­ti­fies highly prospec­tive as­sets in po­lit­i­cally safe ju­ris­dic­tions, and seeks to un­lock their value by pro­vid­ing strate­gic in­vest­ments and in­creased ac­cess to in­dus­try re­la­tion­ships, global knowl­edge and proven

tech­ni­cal skills.

We seek Safe Har­bor.

Khalid Al-Obaidli, Michael John An­drews, John Charles Carlile, Robert Joseph Gal­lagher, Mor­ris Klid, John Gra­ham Proust

(SA) Shares: 14,844,116

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