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Southern Arc Minerals invests C$5M in Japan Gold
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Southern Arc Minerals Inc. said Aug. 9 that it invested C$5 million in Japan Gold Corp. and acquired 12.5 million units at a price of 40 cents each.
Each unit consists of 1 share and 1 transferrable share purchase warrant, with each warrant exercisable for 1 Japan Gold share at a price of 40 cents each within five years.
Following the placement, Southern Arc owns approximately 53.08% of Japan Gold.