Convertible Loan Note Facility Extension

RNS Number : 7451J

Arc Minerals Limited

23 December 2020

 

23 December 2020

Arc Minerals Ltd

('Arc' or the 'Company')

Convertible Loan Note Facility Extension

The Company announces that the repayment term of the remaining Convertible Loan Notes (CLN) facility as first announced on 31 December 2019 has been extended by a further 12 months to 31 December 2021. The remainder of the terms including those governing convertibility and interest remain unchanged. The Company drew down US$1.7 million from the CLN facility and the balance of the CLN outstanding is approximately US$ 274,000, which is convertible into ordinary shares of the Company at 4.5 pence per share.

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)	[phone]
SP Angel (Nominated Adviser & Broker)    Ewan Leggat / Adam Cowl	[phone]

 

END

 

 

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