Amur Minerals Corporation Financial Advisory Agreement with FEIE (7538P)
November 22 2016 - 2:00AM
UK Regulatory
TIDMAMC
RNS Number : 7538P
Amur Minerals Corporation
22 November 2016
22 November 2016
AMUR MINERALS CORPORATION
(AIM: AMC)
Financial Advisory Agreement with Far East Investment and Export
Agency
Amur Minerals Corporation ("Amur" or the "Company"), the Russian
Far East nickel copper sulphide explorer, is pleased to announce
the signing of a Financial Advisory Agreement ("Agreement") with
the Far East Investment and Export Agency ("FEIE" or the
"Agency").
Today's Agreement enables Amur to work in partnership with the
Agency, newly established by Russian Government, in attracting
financing from within the Russian Federation, Republic of India and
the People's Republic of China. This addition to the existing team
of advisors continues to provide the Company with a global reach to
fund and develop the Kun-Manie project.
The newly created FEIE directly reports to the Far East
Development Ministry, and is responsible for attracting foreign
investment to stimulate continued economic growth in the country,
which is rich in natural resources and is key to the government's
on-going development plan. Amur's Kun-Manie project is located in
the Amur Oblast, which is part of the Russian Far East and borders
China.
The Company's relationship with the Far East Development Fund
("FEDF"), with whom Amur previously signed an advisory mandate,
will continue. By creation of FEIE, FEDF can focus on its core
objective of infrastructure development while the FEIE will perform
an investment banking function. Amur will work closely with both
agencies as it develops the Kun-Manie project.
Previous areas of cooperation with FEDF remain under active
consideration, including the Heads of Terms agreement announced on
4 March 2016. The Heads of Terms agreement broadened the scope of
potential FEDF participation in the development of the Kun-Manie
project beyond infrastructure support and includes the potential to
support engineering study work.
FEIE is run by Mr. Petr Shelakhaev, formerly a director at FEDF.
Mr. Shelakhaev possesses a full working knowledge of Amur and the
Kun-Manie project, having worked closely with the Company over the
past year. He brings international investment banking experience to
FEIE. Amur looks forward to a fruitful collaboration.
Robin Young, CEO of Amur Minerals Corporation, commented:
"We look forward to working with the Far East Investment and
Export Agency. The Agency's direct focus on structuring financial
participation and / or potential partnerships will provide
additional alternatives and opportunities in the development of
Amur's Kun-Manie nickel project.
"We are pleased that Mr. Shelakhaev is the lead of the newly
created Agency and that he is already highly familiar with our
project from his time at the Far East and Baikal Regional
Development Fund. The creation of this Agency by the Russian
government further illustrates its dedication to assisting in the
development of large scale projects within the Far East. The
development of Kun-Manie is anticipated to create employment,
infrastructure development and add to the economic expansion of the
Far East."
Petr Shelakhaev, CEO of Far East Investment and Export Agency,
commented:
"Bringing new investments in the Russian Far East, which has
been until now a highly underestimated destination for investors,
is the key mission of The Far East Investment and Export Agency.
The Agency was established in order to promote investment in
Russia's Far East region and support local projects by attracting
strategic investors.
"We will use our core investment banking experience and wide
investor network to provide the development of Amur's Kun-Manie
nickel project with necessary capital. We consider this project as
one of the most promising for the social and economic development
of the Russian Far East. To find investors the Agency in alliance
with the Far East Development Fund will leverage its business
relations with the largest investors and trading companies in
Russia, India and China."
Enquiries:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Yellow Jersey
Corp. Finance LLP PR
Robin Young Ewan Leggat Charles Goodwin
CEO Laura Harrison Harriet Jackson
+44(0)7544
+74212755615 +44(0)2034700470 275 882
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.
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.
Further details about the Far East Development Fund and the Far
East Development Export and Import agency are available at the
following website links:
http://fondvostok.ru/eng/o-fonde/
http://investvostok.ru/en/
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
AGRBRBDBSBDBGLB
(END) Dow Jones Newswires
November 22, 2016 02:00 ET (07:00 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