Arc Minerals announced that it has entered into a binding Sale and Purchase Agreement to sell Arc's entire 99.43% interest in Casa Mining Limited (Casa) to Golden Square Equity Partners Limited for a consideration payable of up to USD 50 million. Jonathan de Thierry, an Arc non-executive director and one of the founders of Casa, has informed the board that he intends to resign from the Arc board on March 31 2020, following the disposal of Casa.