Media Speculation

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.

**ENDS**

Contacts

Arc Minerals Ltd Nick von Schirnding (Chairman)	[phone]
SP Angel (Nominated Adviser & Joint Broker) Ewan Leggat / Adam Cowl	[phone]
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell	[phone]

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

 

END

 

 

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