{"id":80483,"title":"Arc Minerals Limited (ARCM.L) Media Speculation","publisher":"Share Talk","author":"sharetalk","published":"2021-03-10T16:45:16+00:00","modified":"2021-03-10T16:45:16+00:00","canonical_url":"https://www.share-talk.com/arc-minerals-limited-arcm-l-media-speculation/","markdown_url":"https://www.share-talk.com/arc-minerals-limited-arcm-l-media-speculation.md","json_url":"https://www.share-talk.com/arc-minerals-limited-arcm-l-media-speculation.json","category":"Mining","categories":["Mining"],"tags":["Arc Minerals Limited","ARCM","COPPER","Copperbelt","Fwiji","Muswema","sulphide","Zambia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"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).\n\nIt 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.\n\nFor more information visit [www.arcminerals.com.](http://www.arcminerals.com.)\n\n**Market Abuse Regulation (MAR) Disclosure**\n\nCertain 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.\n\n**Notes to the Editors**\n\nArc Minerals is an AIM-listed exploration company focused on its exciting Zambian copper exploration projects.\n\nCurrent holdings in Zambia include:\n\n● A 66% equity interest in Zamsort Limited (“Zamsort”), a private company focused on a prospective copper licence in the Zambia Copperbelt.\n\n● A 72.5% equity interest in Zaco Limited (“Zaco”), a private company focussed on a prospective copper and cobalt license adjacent to Zamsort."}