Amur Minerals Share Discussion Threads

[marmar80] 13/2/2018 08:24

But how will they repay it? Won't be easy imo. Even government grants can't be used against private loans

[gizmohican] 13/2/2018 08:23

No wonder you've been quiet Robin.... now you will be releasing the pfs rite to try and appease your long suffering PI's and stop the share price falling into oblivion!! Short term funding to say we have enough fund going forward, in the hope of hopes to get someone to buys rite!!!!
Crede still holding 15 million
YOU dont deserve us

[madengland_] 13/2/2018 08:21

Not surprised at the skepticism by some, but think it's important to read the detail and put it in the context of what could be happening over the next 12 months. The fact that there is an option to repay that is the main feature should tell you something about where RY is steering this towards. The equity element is the investors risk premium and if RY pulls off the potential of the project it will not be touched. He's buying time.

[marmar80] 13/2/2018 08:19

How much cash do they have, before the loan?

[1i1i1i] 13/2/2018 08:14

Read the RNS!! It is Different8% loan , not a debt for equity. Not for a drilling season. It needs to be repaid , then.,,, It is being used for .... Quite clear positive stuff coming.

[1i1i1i] 13/2/2018 08:12

* They pay back

[1i1i1i] 13/2/2018 08:12

They back from the JV fund post PFS

[marmar80] 13/2/2018 08:10

Normal shares issue at 6-7p would be way better

[hubs] 13/2/2018 08:04

sorry...maybe a death spiral!gla

[gizmohican] 13/2/2018 08:01

Death spiral financing again robin could of got funds by open public offer. He has paid Medea to advise on this as well ...my 11 year old nephew could have got a better deal for us.

[hubs] 13/2/2018 07:59

How do they pay back? That starts soon.

[hubs] 13/2/2018 07:59

How do they pay back? That starts soon.

[hubs] 13/2/2018 07:59

How do they pay back? That starts soon.

[hubs] 13/2/2018 07:59

How do they pay back? That starts soon.

[1i1i1i] 13/2/2018 07:55

Not the same as CredeThe Freebies are if AMC do not pay back the loan in time. The onus is on RY to payback quickly

[1i1i1i] 13/2/2018 07:53

Perfect time to do a deal like this, before wasn't but now is; we are close and puts us in a stronger position to negotiate post PFS.

[tadastadska] 13/2/2018 07:53

May not sound very good,but let's wait and see,RY likes to keep good rns in his pocket...

[northpole24] 13/2/2018 07:45

And he has still not addressed the fact he has not released the PFS.

[gizmohican] 13/2/2018 07:37

Unbelievable we have another Crede type deal, ry did not even come to his shareholdera again, more warrants and high interest rates

[easwarareddy] 13/2/2018 07:28

13 February 2018 AMUR MINERALS CORPORATION(AIM: AMC) Up To US$10 Million Loan Facility Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that it has today entered into a convertible loan facility (the "Convertible Loan") of up to US$10 million with Cuart Investments PCC Ltd and YA II PN Ltd (the "Investors"), in an investment consortium arranged by RiverFort Global Capital Ltd. Highlights: ·     The Convertible Loan of up to US$10 million consists of three advances with the initial advance of US$4 million to be drawn down tomorrow by the Company. ·     A subsequent advance of up to US$2 million (or upon mutual agreement up to US$3,000,000) and a final advance of an amount to bring the total advanced under the loan facility to a maximum of $10 million will be available to the Company, with the second advance being available after 121 days, and the third advance 240 days after the initial advance. ·     Each advance is repayable by the Company in 12 monthly installments. ·     If the Company elects not to repay any installment on the applicable monthly repayment date, then the Investors can elect to convert that outstanding installment at any time into new ordinary shares in the Company. ·     The conversion price of any part of an advance will either be made by reference to the lower of 130% of the price at the date of the advance or 90% of the lowest daily VWAP over the 5 trading days immediately prior to conversion. ·     In conjunction with each advance, the Investors will be issued with warrants to the value of 30% of the value of each advance at an exercise price which is at a 30% premium to the price of each advance. Each set of warrants will be exercisable for a period of 3 years.  Initial Advance Under the Convertible Loan the Company will draw down the initial advance of US$4 million with a maturity date of 13 March 2019. In addition to this, the Company will issue the Investors with 9,290,323 warrants with an exercise price of 9.3p.  Use of Funds The net proceeds of the initial advance will be used by the Company to progress development of the Company's Kun-Manie project including: 1.   updating of the resource and reserves statement;2.   development of an optimized production schedule;3.   update of the current economic model including all newly acquired technical data and cost information and additional metallurgical test work; and4.   general and administrative requirements. Overview of the Loan and Warrant Agreements The Investors will lend up to US$10 million cash to the Company through the Convertible Loan consisting of three separate advances, with the initial US$4 million advance being drawn down tomorrow The subsequent advances of up to US$2 million (or upon mutual agreement up to US$3,000,000) would be made available 121 days after the initial advance, subject to the Company achieving certain milestones and a final advance to bring the total advanced under the loan facility to a maximum of $10 million will be available to the Company, with approval of the Investors, 240 days after the initial advance. Each advance under the Convertible Loan has an interest rate of 8% per annum. Each advance is repayable in 12 monthly installments, at 110% of the principal portion of the repayment and its accrued interest, (to the extent not having been converted into new ordinary shares) with the first repayment in respect of the initial advance becoming due on 13 March 2018. If the Company elects not to make a repayment of an installment, the Investors can elect to convert the installment into new ordinary shares in the Company at any time after the date the installment was due. The Investors shall not convert more than 50% of the original principal amount of an advance in any 3 month period without consent of the Company. Each advance will have a Reference Price ("Reference Price") equal to the average VWAP of the 20 trading days immediately prior to the date of the advance. Where the Company has elected not to repay an installment and the Investors have elected to convert, the conversion price will be the lower of 130% of the Reference Price (the "Fixed Conversion Price"), and 90% of the lowest daily VWAP over the 5 trading days immediately prior to conversion. The Investors shall have the right to convert each advance at any time at the Fixed Conversion Price. At each advance, warrants over a number of new ordinary shares equal to the number of shares that would be issued for 30% of the value of each advance at a warrant exercise price at a 30% premium to the Reference Price of the relevant advance will be issued to the Investors. The warrants will be exercisable for a period of 3 years. At no time during the term of the Convertible Loan or the warrant agreement will the Investors be able to convert to new ordinary shares or exercise warrants if doing so would result in the Investors having an interest in the issued ordinary share capital of the Company greater than 24.9% in aggregate. The Company, at its option, shall have the right to redeem the outstanding amount of an advance, in full or in part, at any time prior to the 12-month anniversary of the advance, provided that as of the date of the redemption notice the VWAP has been less than the Fixed Conversion Price for the previous 5 trading days. Amur shall pay an amount equal to 110% of the principal portion of the amount being redeemed, together with all accrued and unpaid interest.  Robin Young, CEO of Amur Minerals Corporation, commented: "We are pleased to have completed this financing with RiverFort Global Capital LTD allowing us to continue the advancement of our Kun-Manie nickel copper sulphide project toward production.  Being the largest undeveloped nickel copper project located centric to the three largest nickel consuming nations in the world, we can continue our field work and engineering efforts in anticipation of the potential and significant disruption in the future nickel market.  In addition, we shall continue our work with Medea Financial Partners in the identification of long term project financing alternatives available from various financial institutions and potential strategic partners. "This timely funding allows us to continue to define and refine currently defined operational parametres and engineering designs as well as evaluate new options and alternatives that are arising from the EV potential.  This is key in allowing Amur to take advantage of the anticipated improving nickel market that is being buoyed by the electric vehicle market." 

[tadastadska] 12/2/2018 16:19

Interesting why my buys showing as AT trade and as O trade,added even more today but they couldn't work it out in one order for some reason...confused now:)

[peawacks] 12/2/2018 16:18

This is from east Russia.ru dated 5th Feb
Is it new or already been posted ?



Mining company "Kun-Magnier" ("daughter" Amur Minerals Corporation) plans to design in 2019 year, and in 2022 to build a metallurgical plant at the copper-nickel deposit in the Amur region, the press service of the regional government said on Monday after a meeting of representatives of regional Ministry of Economic Development and Investment Agency with the company's management. CJSC "Kun-Magnier" already conducts diamond core drilling, hydrogeological and ecological research, buys technical equipment.

"Now the company is completing a detailed exploration of minerals in the field Kun-Magnier. And for the processing of the received ore, a mining and processing complex is needed nearby. In the future, it is possible to build a metallurgical plant. According to the plan, the capacity of the plant will be 6 million tons of ore per year. For such a large project, it is planned to build more than 300 km of roads to connect the field and the existing transport infrastructure, "the words of Randolph Lewis, head of Russian projects at Amur Minerals Corporation, are quoted in the message. It is reported that the company plans to develop the road and energy infrastructure of the Zeya district, the construction of a residential complex. The project provides for a staff of 1,2 thousand specialists.

The Administration of the Amur Region will consider the possibility of including the project in the priority list for the region. Earlier, Governor Alexander Kozlov said that after finishing preparatory work for Kun-Magnier, work would begin with federal agencies in order to provide the company with support for the construction of infrastructure.

[madengland_] 12/2/2018 15:25

Tad brilliant work, thanks.5% is a very favourable loan rate, especially when we pay zero tax for 19 years! Giz the project is frustrating but exciting. Ducks are lining up