Amur Minerals Corporation Completion of Lanstead Equity Swap Agreement (8211A)
October 01 2015 - 2:00AM
UK Regulatory
TIDMAMC
RNS Number : 8211A
Amur Minerals Corporation
01 October 2015
01 October 2015
AMUR MINERALS CORPORATION
(AIM: AMC)
Completion of Lanstead Equity Swap Agreement
Amur Minerals Corporation ("Amur" or the "Company"), the
nickel-copper exploration and development company focused on base
metal projects located in the Far East of Russia, announces the
completion of the equity swap agreement (the "Agreement") in the
amount of GBP5.0 million entered into with Lanstead Capital LLP
("Lanstead") in July 2013.
The Company entered into a combined placing and equity swap
agreement with Lanstead announced 23 July 2013. All 24 settlements
of the equity swap agreement have now been completed, with the
Company having received a total of GBP8.3 million from the placing
and agreement.
Mr. Robin Young, CEO of Amur Minerals Corporation, states;
"Lanstead has been an important supporter and partner for Amur.
The agreement with Lanstead provided the Company with the necessary
finance to continue its exploration and development of Kun-Manie,
through to the awarding of the Production Licence in June 2015.
Further to this, Amur is now in a position to launch its Detailed
Study Phase of project development.
At completion of the financial agreement, the board strongly
believes that Amur is one of the better funded international junior
exploration companies. It is currently in the process of setting
out its intermediate and longer term objectives in development of
what it considers to be a world class nickel sulphide project."
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP
Robin Young Ewan Leggat Dominic Barretto
CEO +44 (0) 20 3470 +44 (0) 77
+44 (0) 7981 0470 6853 7739
126 818
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPKKDBABKDBCN
(END) Dow Jones Newswires
October 01, 2015 02:00 ET (06:00 GMT)
Amur Minerals (LSE:AMC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amur Minerals (LSE:AMC)
Historical Stock Chart
From Apr 2023 to Apr 2024