09:44 AM EST - Southern Arc Minerals Inc. : said it has purchased the 2.0-hectare block of land on which its main Selodong base camp facility is located. This facility is the main base camp for all of the West Lombok Properties. The Selodong base camp can accommodate up to 80 personnel and is the location from which the company directs all exploration activities throughout the 18,650 hectare property, the company said. This acquisition reflects the company's commitment to ensuring a smooth transition into the next stage of property development in West Lombok. This next stage of operations will begin when the authorities enact a new provincial land utilization regulation, and a Mining Business License or IUP is granted for the West Lombok Property. Southern Arc Minerals Inc.
shares V.SA are trading up $0.01 at $0.86.
