Aim-listed Arc Minerals will sell its 99.43% interest in Casa Mining, which holds a 73.84% interest in the Akyanga gold deposit, in the Democratic Republic of Congo, to Canadian private equity group Century Capital Management for up to $9.8-million. The purchase price includes an initial $1.8-million in cash, as well as a further $2.5-million in cash should Casa’s minerals resource estimate increase to six-million ounces during the five-year period after the transaction closes.
