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Copper|Gold|Mining|PROJECT
Copper|Gold|Mining|PROJECT
copper|gold|mining|project

Arc reaches settlement with Avanti, Regency for cash instead of shares

11th July 2025

By: Marleny Arnoldi

Deputy Editor Online

     

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Aim-listed copper investment company Arc Minerals has entered into a binding settlement agreement with Avanti Gold and its subsidiary Regency Mining to settle an outstanding $1.25-million owed to Arc.

The outstanding receivable arose after Regency acquired the Casa Mining subsidiary in September 2023, which holds a 73% interest in the Misisi gold project, in the Democratic Republic of Congo.

The amount had been due to be settled through the issuance of shares in Avanti Gold; however, this had not been satisfied to date.

Arc, Avanti and Regency have continually engaged constructively to resolve the issue, with the binding settlement agreement reached now stipulating a cash payment rather than a shares issuance.

Avanti and Regency will settle the total outstanding amount through a reduced cash payment of $562 500 if settled by August 31, or $625 000 if settled by October 31, or $750 000 if settled by December 31.

Should payment not have been made by December 31, the full outstanding amount of $1.25-million becomes immediately due and payable in full by January 1, 2026.

From January 1, if still unpaid, the amount will accrue compound interest at a rate of 2% a month until settled in full.

Arc will ultimately use the settlement funds for working capital purposes.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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