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IN BRIEF: Arc Minerals considers case against Zamsort as without merit

Wed, 10th Mar 2021 18:14

Arc Minerals Ltd - Zambia-focused copper and cobalt explorer - Confirms press report on a debt claim made against investee Zamsort Ltd relating to a USD5.8 million capital raise made in 2015.

Arc Minerals considers case to be "without any merit" and is not expected to proceed following with withdrawal of a key plaintiff.

Zamsort, for its own part, is looking launch its own action in High Court of Zambia to dismiss the claim as fictitious.

Current stock price: 6.90 pence

Year-to-date change: up 78%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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