Arc Minerals Regulatory News (ARCM)

21 August 2019

Arc Minerals Ltd 

('Arc' or the 'Company')

Drill for Equity Programme

Under the Drill for Equity Programme as first announced on 29 July 2019, the Company has today issued 1,563,728 shares at a price of 4.5 pence per share ('Drilling Shares') representing payment of GBP 70,368 in part-settlement of the Company's share of drilling costs incurred in June 2019, with the balance of GBP 11,689 payable in cash. These Drilling Shares are subject to certain trading restrictions to the volume that can be traded, which Arc will continue to monitor.

Application has been made for the Drilling Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). The Shares will rank pari passu in all respects with the existing shares. Admission is expected to occur on or around 28 August 2019.

Total Voting Rights

Following the issue of the Shares, the total issued share capital of the Company will consist of 716,677,770 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 716,677,770 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For more information visit www.arcminerals.com.

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.

**ENDS**

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