Amur Minerals Corporation Equity Placing (9954N)
27 Mai 2020 - 8:00AM
UK Regulatory
TIDMAMC
RNS Number : 9954N
Amur Minerals Corporation
27 May 2020
27 May 2020
AMUR MINERALS CORPORATION
(AIM: AMC)
Equity Placing
Amur Minerals Corporation ("Amur" or the "Company"), the
nickel-copper sulphide mineral exploration and development company
focused on the far east of Russia, is pleased to announce that the
Company has raised GBP0.5 million, before expenses, through the
placing of 47,619,048 ordinary shares of no par value of the
Company ("Ordinary Shares") at a price of 1.05 pence per share
("the Placing").
SP Angel is acting as Broker in relation to the Placing.
The proceeds of the Placing will be used to progress development
of the Company's Kun-Manie nickel copper sulphide project and for
general working capital purposes.
Application will be made to the London Stock Exchange plc for
47,619,048 new Ordinary Shares to be admitted to trading on the AIM
market ("Admission") with Admission expected to occur on or around
2 June 2020. The new Ordinary Shares will rank pari passu in all
respects with the existing Ordinary Shares including the right to
receive any dividend or other distribution thereafter declared,
made or paid. There are no Ordinary Shares held in treasury.
Following Admission, the total number of voting rights in the
Company will be 968,060,149.
Robin Young, CEO of Amur Minerals Corporation, commented :
"The fundraise strengthens the Company's financial position as
we continue our work on the TEO workstreams, and the follow on DFS.
We will update the market with the progress of these various
workstreams in due course."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Finance Blytheweigh
Corp. LLP
Robin Young CEO Richard Morrison Megan Ray
Soltan Tagiev Tim Blythe
+7 (4212) 75 56 +44 (0) 20 7138
15 +44 (0) 20 3470 0470 3203
For additional information on the Company, visit the Company's
website, www.amurminerals.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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