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AMC Amur Minerals Corporation

0.09
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
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 -32.95 100.98M

Amur Minerals Corporation Executive Addition to the Board of Directors (7393X)

02/09/2020 7:03am

UK Regulatory


Amur Minerals (LSE:AMC)
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TIDMAMC

RNS Number : 7393X

Amur Minerals Corporation

02 September 2020

02 September 2020

Amur Minerals Corporation

("Amur" or "the Company")

Executive Addition to the Board of Directors

Amur Minerals Corporation (AIM: AMC) is pleased to announce it has appointed Mr. Adam Habib as President and Executive Board Member to the Company. Effective 1 September 2020, Mr. Habib will continue to guide and advance funding and strategic partnership considerations allowing for the continued development of the Company's far east Russian Kun-Manie nickel and /copper sulphide project. The Company's focus will be on the execution of Binding Offtake Contract(s) and funding of the mutually supportive Russian and Western Definitive Feasibility Studies.

Mr. Adam Habib was appointed Advisor to the Board on Transactions and Corporate Development in February this year (see announcement dated 13 February 2020) and has successfully delivered the investment, alongside Glencore, into Nathan River Resources Pte Limited ("Nathan River") which owns the Roper Bar Iron Ore Project located in the Northern Territory in Australia.

Robin Young, CEO of Amur Minerals Corporation, commented :

"We are pleased to bring Adam into the Amur Mineral's executive team as President and as an executive member of the Board of Directors. In just over seven months, acting as a financial advisor to the Company, he successfully identified, structured and completed our investment in the Australian iron ore producer Nathan River Resources.

"We are now entitled to receive a 14% quarterly interest payment or convert our funding to a 19% equity holding of the existing issued share capital of Nathan River. These revenues will support funding, development and compilation of the Kun-Manie electric vehicle nickel copper sulphide product bankable feasibility study."

Further Information

Mr. Habib is an experienced senior banker having 17 years of investment banking experience (Credit Suisse, Lehman Brothers and recently ICBC Standard Bank) with a proven track record in the energy, mining and infrastructure industries. Most recently he was a Senior Adviser to the Board of Cofely Endel Engie (formerly Cofely Endel GDF Suez 2015-2016), part of the Engie Group which is one of the largest energy utility companies in Europe with a market capitalisation of c.EUR38 billion (c.GBP34 billion) and annual revenues of c.EUR61 billion (c.GBP54 billion).

During Adam's time in investment banking he led both the Capital Markets and Investment Banking teams as part of the management distribution committee in Europe for Credit Suisse Investment Bank. Adam is a specialist in Energy and Mining finance transactions (acquisition finance, development finance and project finance). He has worked on some of the largest Engineering & Procurement and Mining transactions in the world in Russia, Africa, Latin America, Central Asia and the North Sea. Adam's extensive relationships across the banking and mining industry will further enhance the Company's business network and are expected to bring significant new value to Amur.

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Adam Salim Habib, aged 53:

 
 Current   Previous - past 5 years 
  None     First Me-A Resources Ltd 
          ------------------------------------ 
           JFP Securities Limited 
          ------------------------------------ 
           Jubilee Financial Products Hong 
            Kong Ltd 
          ------------------------------------ 
           Jubilee Financial Products (UK) 
            LLP 
          ------------------------------------ 
           Jubilee Financial Products Holdings 
            Limited 
          ------------------------------------ 
           Jubilee Financial Products LLP 
          ------------------------------------ 
           Lorenzo Investment Holdings Ltd 
          ------------------------------------ 
           Medici Investment Holdings Ltd 
          ------------------------------------ 
           Raphael Consultancy Ltd 
          ------------------------------------ 
           Regent Enterprise Holdings (Malta) 
            Ltd 
          ------------------------------------ 
 

Adam Habib was a director of Jubilee Financial Products Holdings Limited and some of its subsidiaries when they entered into a creditor voluntary liquidation. Adam was a director of (i) Jubilee Financial Products Holdings Limited when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency as to creditors was GBP896,733. It was dissolved on 21 February 2017 (ii) JFP Securities Limited when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency as to creditors was GBP69,468. It was dissolved on 10 February 2017 (iii) Jubilee Financial Products LLP when it entered into a creditor voluntary liquidation on 07 September 2015. The total estimated deficiency to creditors was GBP385,152 (iv) Jubilee Financial Products Hong Kong Limited when it entered into a voluntary liquidation on 12 October 2016. It was dissolved on 24 February 2017.

Adam Habib, and his connected persons, hold an interest in 5,131,868 ordinary shares of the Company, representing approximately 0.38% of the total outstanding share capital of the Company. Adam Habib also holds 25,619,260 share options over ordinary shares of the Company, exercisable at 1.95 pence. Further information about these options has been provided in the RNS dated 13 February 2020.

Enquiries:

 
       Company            Nomad and Broker        Public Relations 
  Amur Minerals Corp.    S.P. Angel Corporate        Blytheweigh 
                             Finance LLP 
   Robin Young CEO        Richard Morrison           Megan Ray 
                            Soltan Tagiev            Tim Blythe 
                           +44 (0) 20 3470 
  +7 (4212) 75 56 15             0470           +44 (0) 20 7138 3204 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCKKDBQFBKDPCK

(END) Dow Jones Newswires

September 02, 2020 02:03 ET (06:03 GMT)

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