Source - SMW
Arc Minerals said it had settled a dispute over a royalty at the Sturec gold project in Slovakia, which it acquired from Tournigan in 2010.

The company said it would pay a total settlement figure of £50,000 to extinguish completely the original agreement and the contingent liability. 

'The removal of this liability will also help progress a clean and expedited sale of our Slovakian asset going forward,' chairman Nick von Schirnding said.

At 2:11pm: (LON:ARCM) Arc Minerals Limited Ords Npv Di share price was +0.03p at 2.38p