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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arc Minerals Limited | LSE:ARCM | London | Ordinary Share | VGG045791016 | ORDS NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.13 | 8.28% | 1.70 | 1.65 | 1.75 | 1.70 | 1.625 | 1.675 | 14,209,120 | 15:49:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 0 | -7.34M | -0.0060 | -2.83 | 20.95M |
From Apr 2021 to Apr 2024
By Jaime Llinares Taboada
Arc Minerals Ltd. on Wednesday reiterated that a debt claim made by Terra Metals Ltd. against its subsidiary Zamsort Ltd. is without merit, and that speculation that Zamsort and another of its Zambian subsidiaries have been placed into receivership is incorrect.
Arc, which in 2018 increased its shareholding in Zamsort to 66%, said the debt claim is in connection with a $5.8 million capital raising by Zamsort in 2015, prior to Arc becoming a shareholder of the company.
Zamsort is a copper-cobalt project in Zambia.
In addition, Arc said that an ex-parte order was issued last month which purports to restrict Zamsort and another of its local subsidiaries, Handa Resources Ltd., from disposing of, alienating or encumbering the Kalaba mine, and which purports to place the site into receivership. The company said it considers the order wasn't properly obtained and expects it to be set aside imminently.
Shares at 0726 GMT were down 4.0% at 3.60 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
October 13, 2021 03:53 ET (07:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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