August 9, 2017
On August 9, 2017, Southern Arc Minerals Inc. (TSXV: SA) completed a financing with Japan Gold Corp. (TSXV: JG), pursuant to which Southern Arc purchased units of Japan Gold for gross proceeds of $5 million. Following the private placement, Southern Arc owned approximately 53.08% of Japan Gold’s issued and outstanding common shares.
Southern Arc is a well-financed Canadian mineral exploration company focused on gold and copper-gold exploration. Japan Gold is a Canadian mineral exploration company focused solely on gold and copper-gold exploration in Japan.
Kevin Sorochan and Kathy Tang of Miller Thomson advised Southern Arc Minerals with respect to this transaction.
