REG - Arc Minerals Limited - Casa Transaction Update

ARC MineralsAnnouncement

21/03/2022 14:00

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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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