Further to the announcement made by Arc Minerals on 18 March 2020 to sell Arc's enre 99.43% interest in Casa Mining Limited ("Casa") to Golden Square Equity Partners Limited ("Golden Square") for a consideraon 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 transacon requires the consent of Arc Minerals. Arc Minerals is reviewing the proposed transacon, which potenally looks aracve, and will update the market in due course.
The Company also announces that the US$5m consideraon due to Arc Minerals in the form of a loan note resulng from the sale of its interest in Casa, which had been
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due to mature on 19 March 2021, has been extended for a further 120 days to 16 July 2021.
Total Vong 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 vong rights in the Company is therefore 1,103,641,762. This figure may be used by shareholders as the denominator or the calculaons by which they will determine whether they are required to nofy their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.
For more informaon visit www.arcminerals.com.
Market Abuse Regulaon (MAR) Disclosure
Certain informaon contained in this announcement would have been deemed inside informaon for the purposes of Arcle 7 of Regulaon (EU) No 596/2014 unl the release of this announcement.
**ENDS**
Contacts
Arc Minerals Ltd
+44 (0) 20 7917 2942
Nick von Schirnding (Chairman)
SP Angel (Nominated Adviser & Joint Broker)
+44 (0) 20 3470 0470
Ewan Leggat / Adam Cowl
WH Ireland Limited (Joint Broker)
+44 (0) 20 7220 1666
Harry Ansell / Katy Mitchell
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Arc Minerals Limited published this content on 09 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 06:05:09 UTC.
Arc Minerals Limited is an exploration and mine development company. The Company is focused on the discovery and development of large-scale copper and copper cobalt deposits in the Western part of the Zambian Copperbelt. In the North-Western province of Zambia, the Companyâs licenses are located in the Domes region of the Zambian Copperbelt near mines such as First Quantum Mineralâs Sentinel and Kansanshi copper mines and Barrickâs Lumwana mine. The license areas are located approximately 900 kilometers (km) from Lusaka, in Mwinilunga, Northwestern Province, and is well within the trending arm of the major geological structure known as the Lufilian Arc (Copperbelt), on the western flank of the Kabompo Dome. The Company has a 75% interest in Alvis-Crest (Proprietary) Limited, the holder of two prospecting licenses (PL 135/2017 and PL 162/2017) in Botswana's Kalahari Copper Belt (KCB), called the Virgo Project/Licenses. The Virgo project covers an area of over 210 square kilometers.
ARC MINERALS LIMITED 
