African Minerals Exploration & Development Fund SICAR SA signed a sale and purchase agreement to acquire 18.48% stake in Andiamo Exploration Ltd from Arc Minerals Ltd (AIM:ARCM) for $0.53 million on June 26, 2018. The consideration would be paid in cash. The transaction is subject to final due diligence being carried out by AMED. The proceeds from the sale will be deployed at Arc Minerals Ltd's Zamsort copper-cobalt asset in Zambia. Ewan Leggat, Lindsay Mair and Soltan Tagiev of SP Angel Corporate Finance LLP acted as the nominated financial adviser & broker to Arc Minerals Ltd. African Minerals Exploration & Development Fund SICAR SA cancelled the acquisition of 18.48% stake in Andiamo Exploration Ltd from Arc Minerals Ltd (AIM:ARCM) on February 21, 2019. Arc Minerals Limited signed a binding sale and purchase agreement to sell 18.48% stake in Andiamo Exploration Ltd to Emerald Ex B.V. for $0.25 million on February 21, 2019.