StockMarketWire.com - Arc Minerals said it had agreed to sell its interest in the in Sturec gold project in Slovakia to MetalsTech for up to $8m including capped royalty payments.
A binding sale and purchase agreement had been signed for the deal, which was first flagged by Arc Minerals last year.
'This represents a major step forward for Arc as we focus the portfolio around our core Zambian copper assets where we have one of the most exciting undeveloped copper projects,' executive chairman Nick von Schirnding said.
Completion of the sale would take place by no later than 14 February, Arc Minerals said.
At 1:12pm: [LON:ARCM] Arc Minerals Limited Ords Npv Di share price was 0p at 3p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.