Amur Minerals Corporation Director and Executive Share Purchase (7788B)

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 
 [phone]     [phone]     [phone] 
        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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