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Vancouver’s Southern Arc Completes C$5M Investment in Japan Gold

Vancouver-headquartered Southern Arc Minerals Inc. has invested C$5 million and acquired 12.5 million units of Vancouver-based Japan Gold. Following the private placement, Southern Arc now owns an approximately 53.08 per cent interest in Japan Gold and has applied for 180 prospecting rights licences in Japan, as well as a 29.9 per cent interest in mining projects in the Tethyan mineral belt in eastern Europe. Southern Arc also holds an investment in Osisko Mining Inc., which is advancing a number of gold projects in Canada's Abitibi gold belt, including the high-grade Windfall Lake gold project in Quebec, and an interest in the West Lombok gold/copper project in Indonesia.

Information summarized from: 
Canada Stockwatch

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