Arc Minerals Limited Casa Mining Update (9015U)
April 09 2021 - 1:00AM
UK Regulatory
TIDMARCM
RNS Number : 9015U
Arc Minerals Limited
09 April 2021
9 April 2021
Arc Minerals Ltd
('Arc Minerals' or the 'Company')
Casa Mining Update
Further to the announcement made by Arc Minerals on 18 March
2020 to sell Arc's entire 99.43% interest in Casa Mining Limited
("Casa") to Golden Square Equity Partners Limited ("Golden Square")
for a consideration of up to $50m, Arc wishes to inform
shareholders that it has been informed by Golden Square that Golden
Square has been approached by a third party interested buyer. Any
such transaction requires the consent of Arc Minerals. Arc Minerals
is reviewing the proposed transaction, which potentially looks
attractive, and will update the market in due course.
The Company also announces that the US$5m consideration due to
Arc Minerals in the form of a loan note resulting from the sale of
its interest in Casa, which had been due to mature on 19 March
2021, has been extended for a further 120 days to 16 July 2021.
Total Voting Rights
For the purposes of Disclosure and Transparency Rules, the
Company confirms that at the date of this announcement the total
issued share capital is 1,103,641,762 Ordinary Shares of no par
value. There are no Ordinary Shares held in treasury and the total
number of voting rights in the Company is therefore 1,103,641,762.
This figure may be used by shareholders as the denominator or the
calculations by which they will determine whether they are required
to notify their interest in, or a change to their interest in, the
Company, under the FCA's Disclosure and Transparency Rules.
For more information visit www.arcminerals.com .
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Joint Broker)
Ewan Leggat / Adam Cowl +44 (0) 20 3470 0470
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell +44 (0) 20 7220 1666
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDUPUUGCUPGGMR
(END) Dow Jones Newswires
April 09, 2021 02:00 ET (06:00 GMT)
Arc Minerals (LSE:ARCM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Arc Minerals (LSE:ARCM)
Historical Stock Chart
From Apr 2023 to Apr 2024