REG - Arc Minerals Limited - Media Speculation

ARC MineralsAnnouncement

10/03/2021 15:55

RNS Number : 8467R
  
Arc Minerals Limited
  
10 March 2021
  
 

10 March 2021
Arc Minerals Ltd 
('Arc' or the 'Company')
Media Speculation
Arc wishes to inform shareholders that in light of a media report about a bogus debt claim made against Zamsort Limited ("Zamsort") relating to a $5.8m capital raise by Zamsort in 2015 (prior to Arc becoming a shareholder), it notes that the case is without any merit and is not expected to proceed following the withdrawal today of a key plaintiff. Zamsort is additionally launching an immediate action in the High Court of Zambia to dismiss the bogus claim as fictitious.
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.
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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
 




Notes to the Editors
Arc Minerals is an AIM listed exploration company focused on its exciting Zambian copper exploration projects.
Current holdings in Zambia include:
●   A 66% equity interest in Zamsort Limited ("Zamsort"), a private company focused on a prospective copper licence in the Zambia Copperbelt.
●   A 72.5% equity interest in Zaco Limited ("Zaco"), a private company focussed on a prospective copper and cobalt license adjacent to Zamsort.
 
For more information visit  www.arcminerals.com
 

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