Amur Minerals Corporation Executive Addition to the Board of Directors (7393X)
02 September 2020 - 8:03AM
UK Regulatory
TIDMAMC
RNS Number : 7393X
Amur Minerals Corporation
02 September 2020
02 September 2020
Amur Minerals Corporation
("Amur" or "the Company")
Executive Addition to the Board of Directors
Amur Minerals Corporation (AIM: AMC) is pleased to announce it
has appointed Mr. Adam Habib as President and Executive Board
Member to the Company. Effective 1 September 2020, Mr. Habib will
continue to guide and advance funding and strategic partnership
considerations allowing for the continued development of the
Company's far east Russian Kun-Manie nickel and /copper sulphide
project. The Company's focus will be on the execution of Binding
Offtake Contract(s) and funding of the mutually supportive Russian
and Western Definitive Feasibility Studies.
Mr. Adam Habib was appointed Advisor to the Board on
Transactions and Corporate Development in February this year (see
announcement dated 13 February 2020) and has successfully delivered
the investment, alongside Glencore, into Nathan River Resources Pte
Limited ("Nathan River") which owns the Roper Bar Iron Ore Project
located in the Northern Territory in Australia.
Robin Young, CEO of Amur Minerals Corporation, commented :
"We are pleased to bring Adam into the Amur Mineral's executive
team as President and as an executive member of the Board of
Directors. In just over seven months, acting as a financial advisor
to the Company, he successfully identified, structured and
completed our investment in the Australian iron ore producer Nathan
River Resources.
"We are now entitled to receive a 14% quarterly interest payment
or convert our funding to a 19% equity holding of the existing
issued share capital of Nathan River. These revenues will support
funding, development and compilation of the Kun-Manie electric
vehicle nickel copper sulphide product bankable feasibility
study."
Further Information
Mr. Habib is an experienced senior banker having 17 years of
investment banking experience (Credit Suisse, Lehman Brothers and
recently ICBC Standard Bank) with a proven track record in the
energy, mining and infrastructure industries. Most recently he was
a Senior Adviser to the Board of Cofely Endel Engie (formerly
Cofely Endel GDF Suez 2015-2016), part of the Engie Group which is
one of the largest energy utility companies in Europe with a market
capitalisation of c.EUR38 billion (c.GBP34 billion) and annual
revenues of c.EUR61 billion (c.GBP54 billion).
During Adam's time in investment banking he led both the Capital
Markets and Investment Banking teams as part of the management
distribution committee in Europe for Credit Suisse Investment Bank.
Adam is a specialist in Energy and Mining finance transactions
(acquisition finance, development finance and project finance). He
has worked on some of the largest Engineering & Procurement and
Mining transactions in the world in Russia, Africa, Latin America,
Central Asia and the North Sea. Adam's extensive relationships
across the banking and mining industry will further enhance the
Company's business network and are expected to bring significant
new value to Amur.
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Adam Salim Habib, aged 53:
Current Previous - past 5 years
None First Me-A Resources Ltd
------------------------------------
JFP Securities Limited
------------------------------------
Jubilee Financial Products Hong
Kong Ltd
------------------------------------
Jubilee Financial Products (UK)
LLP
------------------------------------
Jubilee Financial Products Holdings
Limited
------------------------------------
Jubilee Financial Products LLP
------------------------------------
Lorenzo Investment Holdings Ltd
------------------------------------
Medici Investment Holdings Ltd
------------------------------------
Raphael Consultancy Ltd
------------------------------------
Regent Enterprise Holdings (Malta)
Ltd
------------------------------------
Adam Habib was a director of Jubilee Financial Products Holdings
Limited and some of its subsidiaries when they entered into a
creditor voluntary liquidation. Adam was a director of (i) Jubilee
Financial Products Holdings Limited when it entered into a creditor
voluntary liquidation on 07 September 2015. The total estimated
deficiency as to creditors was GBP896,733. It was dissolved on 21
February 2017 (ii) JFP Securities Limited when it entered into a
creditor voluntary liquidation on 07 September 2015. The total
estimated deficiency as to creditors was GBP69,468. It was
dissolved on 10 February 2017 (iii) Jubilee Financial Products LLP
when it entered into a creditor voluntary liquidation on 07
September 2015. The total estimated deficiency to creditors was
GBP385,152 (iv) Jubilee Financial Products Hong Kong Limited when
it entered into a voluntary liquidation on 12 October 2016. It was
dissolved on 24 February 2017.
Adam Habib, and his connected persons, hold an interest in
5,131,868 ordinary shares of the Company, representing
approximately 0.38% of the total outstanding share capital of the
Company. Adam Habib also holds 25,619,260 share options over
ordinary shares of the Company, exercisable at 1.95 pence. Further
information about these options has been provided in the RNS dated
13 February 2020.
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals Corp. S.P. Angel Corporate Blytheweigh
Finance LLP
Robin Young CEO Richard Morrison Megan Ray
Soltan Tagiev Tim Blythe
+44 (0) 20 3470
+7 (4212) 75 56 15 0470 +44 (0) 20 7138 3204
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