News Column

Arc Exploration Limited - Placement to raise $692,500

September 3, 2014

ENP Newswire - 03 September 2014

Release date- 02092014 - The Directors of Arc Exploration Limited are pleased to announce that the Company has today allotted to Treasure Key Investments Limited, a private British Virgin Islands investment company a total of 138,500,000 shares at a subscription price of $0.005 per share for a total investment of $ 692,500.

Following the Placement the total number of shares outstanding will be 1,063,390,131 shares and Treasure Key Investments Limited will hold a 13.02% interest in the Company.

The issue price of 0.5 cents is equivalent to a 90 day VWAP.

Bruce Watson, Chairman of Arc Exploration, said 'We welcome the investment from Treasure Key Investments Limited and look forward to working closely with them to grow Arc Exploration into a substantial mining and exploration company. We are pleased that Mr Max Ramajaya has joined the Board as a Non-Executive Director. Mr Ramajaya is an experienced and well connected Indonesian businessman and we look forward to his contribution to the Company'.

Max Ramajaya is the Head of Business for Katingan Timber Group responsible for the group's operation and performance in the forestry, agro forest plantation and related downstream industries. He is a graduate of the Indonesian Business and Information Institute (IBII, now the Kwik Kian Gie School of Business).


Arc Exploration Limited

Dr Jeff Malaihollo

Managing Director

Tel: + 62 21 531 60118


Andrew J. Cooke

Company Secretary

Tel: + 61 2 8076 6004


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Source: ENP Newswire

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