Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration
29 November 2018
Arc Minerals Ltd
('Arc' or the 'Company')
Issue of Equity and Change in Total Voting Rights
The company has issued 1,051,793 New Ordinary Shares of no par value in the share capital of the Company (the "New Ordinary Shares") to a service provider for technical services rendered to Casa Mining Limited in the amount of GBP 33,657.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 5 December 2018.
Change in Voting Rights
On 1 October 2018 the Company announced the placement of 44,444,458 share for proceeds of £2,000,000. The amount of subscriptions received was in fact £1,998,000 and the difference of £2,000 is attributed to a calculation error. Therefore, as of 28 November 2018, the total issued share capital of the Company consists of 631,286,447 Ordinary Shares with voting rights.
Total Voting Rights
Following the issue of New Ordinary Shares, the total issued share capital of the Company will consist of 632,338,240 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 632,338,240 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
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.
Arc Minerals Ltd
Nick von Schirnding (Chairman)
+44 (0) 20 7917 2942
SP Angel (Nominated Adviser & Broker)
Ewan Leggat / Lindsay Mair / Soltan Tagiev
+44 (0) 20 3470 0470
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