Business
Suspension
Suspension.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\nArc Minerals Ltd\n(\"Arc\" or the \"Company\")\nSuspension\nThe Company notes the publication today from the Mining Cadastre in Zambia detailing the results of the 80th Mining Licence Committee and the rejection of mining licence application 33404-HQ-LML submitted by Handa Resources Limited (the \"Licence\"). The Directors anticipate that this is due to premature processing of the application. The Company has not yet received any formal notification of this decision and has engaged with the Mining Cadastre for a full explanation.\nThe Company also confirms that its interests in all its exploration licences in Zambia remain valid and all exploration activities remain unaffected by this decision.\nThe Company has requested a temporary suspension in the trading of the Company's shares on AIM, pending full clarification of the matter.\nFurther updates will be provided in due course. \nFor further information contact:\n\n\n\n\nArc Minerals \nNick von Schirnding (Executive Chairman) \n \n\n\n \nc/o Benchmark Communications\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland (Nominated Adviser & Joint Broker)\nHarry Ansell/ Katy Mitchell\n \n\n\nTel: +44 (0) 20 7220 1666\n\n\n\n\n\n\n\n\n\n\n\n\nShard Capital (Joint Broker)\nDamon Heath\n \n\n\nTel: +44 (0) 20 7186 9952\n\n\n\n\n\n\n\n\n\n\n\n\nBenchmark Communications (Investor Relations)\nRichard Kauffer\n \n\n\nTel: +44 (0) 7841 67 3210\n\n\n\n\n \nFor more information, visit www.arcminerals.com.\n \n \n\n","length":4697,"tagName":"div"}]