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.