Arc Minerals Limited

Major Shareholding Notification • Jun 11, 2018

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RNS Number : 0019R

Arc Minerals Limited

11 June 2018

Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration

11 June 2018

TR-1 Notification: Mrs Ann Gloag

Arc Minerals ("Arc" or the "Company") has been informed that following the issue of 17.5m new ordinary shares of no par value for the acquisition of the additional 6% interest in Zamsort Limited announced on 5 June 2018, Mrs Ann Gloag's interest in the Company has fallen from 3% to 2.91%. 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Arc Minerals Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Number of voting rights unchanged but below the minimum notification threshold due to an increase in the number of shares in issue				X
3. Full name of person(s) subject to the notification obligation: iii		Ann Gloag O.B.E.
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		11 June 2018
6. Date on which issuer notified:
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
Ordinary Shares 0.01p	16,171,218			16,171,218			16,171,218		16,171,218			2.9056%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
N/A													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
16,171,218								2.9056%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Graeme Dickson
15. Contact telephone number:	+44 (0) 203 411 1889

**ENDS**

Contacts

Arc Minerals Ltd Nick von Schirnding (Chairman)	+44 (0) 20 3874 8664
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair / Soltan Tagiev	+44 (0) 20 3470 0470

Notes to the Editors

Arc Minerals is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of the Congo and Zambia. 

ARC Minerals current holdings include:

·     99% interest in CASA Mining Limited, a private company that has a 71.25% interest in the 1.5-million-ounce inferred Resource Akyanga gold deposit in the DRC.

·     A 55% interest in Zamsort Limited, a private company focused on a prospective copper and cobalt licence in the Zambia Copperbelt, with approximately a five percent balance and interest (convertible note) being rolled forward to the end of 2018;

·     100% ownership of the Kremnica Mining Licence Area in Slovakia which host the 1.3Moz AuEq   Au PFS stage Ṧturec Gold Project;

·     A 18.48% interest in Andiamo Exploration Limited, a private company exploring for gold and base metals VMS targets in Eritrea.

For more information visit www.arcminerals.com

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