Southern Arc Minerals Inc. (TSXV:SA) acquired 5.66% stake in PT Ancora Indonesia Resources Tbk (IDX:OKAS) from third parties on December 12, 2017. As per the terms of agreement Southern Arc Minerals Inc. acquired approximately 100 million shares. Southern Arc Minerals Inc. used proceeds from sale of West Lombok Property to fund acquisition.

Southern Arc Minerals Inc. (TSXV:SA) completed 5.66% stake in PT Ancora Indonesia Resources Tbk (IDX:OKAS) from third parties on December 12, 2017.