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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Amur Minerals Corporation | LSE:AMC | London | Ordinary Share | VGG042401007 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Mineral Royalty Traders | 0 | -3.01M | -0.0022 | -0.41 | 1.25M |
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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