Amur Minerals Corporation Director and Executive Share Purchase (7788B)
January 09 2015 - 6:20AM
UK Regulatory
TIDMAMC
RNS Number : 7788B
Amur Minerals Corporation
09 January 2015
9 January 2015
AMUR MINERALS CORPORATION
(AIM: AMC)
DIRECTOR AND EXECUTIVE SHARE PURCHASE
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 that it
has issued 3,035,955 new ordinary shares of no par value ('New
Shares') in lieu of remuneration and professional service fees. The
Board of Directors, Executive Staff and other service providers
have opted to receive New Shares in lieu of compensation. By
issuance of the New Shares, Amur continues to conserve its funds
whilst awaiting the decision on the award of its "Detailed
Exploration and Production Licence" for its Kun-Manie nickel copper
sulphide project.
The New Shares were issued at 10.25p per share, which was the
closing mid-market price as at 7 January 2015. The Board members
have been issued with a total of 682,422 New Shares, with the
remainder being issued to professional staff and certain service
providers.
Number of New Total Interest Total interest
Shares issued in Ordinary in Ordinary
Shares following Shares as a
the issue of % of enlarged
New Shares issued share
capital
Director
Robin Young - CEO 336,165 2,107,501 0.49
Robert Schafer - Chairman 187,627 438,249 0.10
Brian Savage - Non
Executive Member 158,630 340,013 0.08
TOTAL 682,422 2,885,763 0.67
The New Shares will rank pari passu in all respects with the
existing Ordinary Shares of the Company including the right to
receive any dividend or other distribution thereafter declared,
made or paid.. Application has been made to the London Stock
Exchange for the New Shares to be admitted to trading on AIM
('Admission'). It is expected that Admission will become effective
and that dealings in the New Shares will commence on 15 January
2015.
As a result of the issue of the New Shares, the Company's issued
share capital now consists of 434,187,289 ordinary shares of no par
value.
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are pleased to report to our shareholders that the Board and
Amur's executive management have been able to increase their
holdings in the Company reflecting our confidence in the project
and anticipated success in moving Kun-Manie forward. The timing of
this allotment of shares is related to our not being in possession
of any disclosable price sensitive information and not being within
a close period in accordance with the AIM Rules for Companies. Of
course one of the larger share value generators is our anticipated
acquisition of the "Detailed Exploration and Production Licence".
With the Russian holidays, we were able to implement the
acquisition of shares."
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals SP Angel Corporate Yellow Jersey
Corp. Finance LLP
Robin Young CEO Ewan Leggat Dominic Barretto
Katy Birkin Kelsey Traynor
+44 (0) 7981 126 +44 (0) 20 3470 +44 (0) 77 6853
818 0470 7739
Notes to Editors
The information contained in this announcement has been reviewed
and approved by the CEO of Amur, Robin Young. Mr. Young is a
Geological Engineer (cum laude) and is a Qualified Professional
Geologist, as defined by the Toronto and Vancouver Stock
Exchanges.
For further information, see the Company website at
www.amurminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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