12:08 PM EST - Southern Arc Minerals Inc : announced that it has entered into a strategic investment agreement with Eagle Hill Exploration Corporation pursuant to which Southern Arc will acquire a 26.2% interest in Eagle Hill. Under the agreement with Eagle Hill, Southern Arc will invest $7.3 million to acquire 97,333,333 units of Eagle Hill by way of private placement at a price of $0.075 per share. Southern Arc Minerals Inc
shares V.SA are trading up $0.01 at $0.11.
