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News Release
NEWS RELEASE
Southern Arc Year-end Financial Results
TSX-V: SA
October 28, 2015 - Vancouver, British Columbia - Southern Arc Minerals Inc. (TSX-V: SA) ('Southern Arc' or the 'Company') has released the results of its fiscal year ended June 30, 2015. All amounts are in Canadian dollars unless otherwise stated.
FINANCIAL SNAPSHOT
June 30, 2015
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June 30, 2014
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June 30, 2013
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Total assets
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$ 5,685,639
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$ 9,423,679
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$ 18,192,286
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Exploration properties
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102,068
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102,068
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102,068
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Working capital
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(386,509)
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2,677,476
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16,060,362
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Comprehensive loss
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(3,967,266)
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(8,680,792)
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(41,945,170)
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Basic and diluted loss per share
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$ (0.36)
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$ (0.78)
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$ (3.8)
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Additional information regarding the Company's financial results and portfolio of projects and investments is available in the audited consolidated financial statements and Management's Discussion and Analysis, which are available for download on the Company's website at www.southernarcminerals.com and on SEDAR at www.sedar.com.
On behalf of the Board of Southern Arc Minerals Inc.
'John Proust'
Executive Chairman & Chief Executive Officer
About Southern Arc Minerals
Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company is advancing two properties in Indonesia: West Lombok, a resource-stage property with several gold rich copper porphyry and epithermal gold vein prospects, and East Elang, a grassroots exploration property that will be advanced in partnership with Vale International SA. Southern Arc also owns more than 6% of Oban Mining Corporation, which is advancing the high-grade Windfall Lake Gold Project in Quebec, Canada, and has applied for 38 exploration licenses in Northern Japan in an underexplored area with known gold occurrences and a history of mining. More information is available at www.southernarcminerals.com.
Southern Arc Contact
Rhylin Bailie, Vice President, Communications & Investor Relations Telephone: 604-609-6147
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Southern Arc Minerals Inc.
Suite 3123 - 595 Burrard Street, Vancouver, BC V7X 1J1 Canada Phone: 604-609-6147
www.southernarcminerals.com
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Southern Arc Minerals Inc.
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CODE : SA.V |
ISIN : CA8422001070 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Southern Arc est une société d’exploration minière d'or basée au Canada. Southern Arc détient divers projets d'exploration en Indonesie. Ses principaux projets en exploration sont SELODONG, WEST LOMBOK et EAST LOMBIK en Indonesie. Southern Arc est cotée au Canada. Sa capitalisation boursière aujourd'hui est 13,6 millions CA$ (10,2 millions US$, 8,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,48 CA$, et son plus bas niveau récent le 22 novembre 2013 à 0,03 CA$. Southern Arc possède 15 230 000 actions en circulation. |