Southern Arc Minerals Inc. (TSXV:SA) announced a private placement of up to 3,000,000 common shares at a price of CAD 0.35 per share for gross proceeds of up to CAD 1,050,000 on September 30, 2019. The transaction will include participation from John Proust who will subscribe for 2,000,000 shares in the transaction through a trust. The remaining shares will be available for purchase by investors until October 4, 2019. The closing of the transaction is subject to regulatory and TSX Venture Exchange approval. All securities issued are subject to a period of four months and one day in accordance with applicable securities laws. The transaction may be completed in one or more tranches.