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RNS Number : 4772F Arc Minerals Limited 21 March 2022
21 March 2022
Arc Minerals Ltd
('Arc' or the 'Company')
Casa Transaction Update
Further to the Company's announcement of 14 February 2022, Arc announces an
extension to the US$5m consideration due to Arc Minerals in the form of a
secured loan note resulting from the sale of its interest in Casa Mining
Limited ("Casa") through to 15 June 2022 to allow additional time for Golden
Square Equity Partners to progress an onward sale of Casa.
Shareholders of Arc should note that, until the conditions to closing are
satisfied, there is no certainty that the transaction will be completed or
that Arc will receive any consideration from the transaction.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.
Contacts
Arc Minerals Ltd +44 (0) 20 7917 2942
Nick von Schirnding (Executive Chairman)
SP Angel (Nominated Adviser & Joint Broker) +44 (0) 20 3470 0470
Ewan Leggat / Adam Cowl
WH Ireland Ltd (Joint Broker) +44 (0) 20 7220 1666
Harry Ansell / Katy Mitchell
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