Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Southern Arc Minerals Will Continue Drilling And Is "Well Funded"

Rhylin Bailie, Vice President Investor Relations of Southern Arc Minerals (TSX-V:SA), tells Proactiveinvestors that, with $16mln in the bank, the company is at a real advantage over others in the peer group. The funding will enable it to carry on with the current drill plan as well as look for other exploration targets. Rhylin also says that, with the partnership that Southern Arc has with Vale at East Elang, all costs will be paid for at this asset by Vale and they are now just waiting for the permit before proceeding.

www.proactiveinvestors.com/companies/sto.../427

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.