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AMC Amur Minerals Corporation

0.09
0.00 (0.00%)
Last Updated: 00:00:00
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mineral Royalty Traders 0 -3.01M -0.0022 -0.41 1.25M

Amur Minerals Corporation Issue of Equity - Replacement (2122C)

15/10/2020 11:03am

UK Regulatory


Amur Minerals (LSE:AMC)
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TIDMAMC

RNS Number : 2122C

Amur Minerals Corporation

15 October 2020

The following amendment has been made to the ' Issue of Equity' announcement released on 15.10.20 at 10:22am under RNS No 2016C.

"Application will be made to the London Stock Exchange plc for 8,845,540 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 20 October 2020."

was amended to

"Application will be made to the London Stock Exchange plc for 8,845,540 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 21 October 2020."

All other details remain unchanged.

The full amended text is shown below

15 October 2020

AMUR MINERALS CORPORATION

(AIM: AMC)

Issue of Equity

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, is pleased to announce that certain Directors and Executive Management have today been issued 7,848,200 new Ordinary Shares of the Company at a price of 2.35 pence per share for a total value of GBP184,432 as part satisfaction of salaries and fees (the "Subscription"). In addition, 997,340 new ordinary shares have been issued in settlement of outstanding fees to a service provider at a price of 2.35 pence for share. The Subscription price is at the closing price of Wednesday 14 October 2020.

The following Directors and Executive Management have converted unpaid salaries or fees and participated in the Subscription:

 
 Director / Executive                   No. Shares       GBP 
 Robert Schafer (Non-executive 
  Chairman)                              1,433,715    33,692 
                                       -----------  -------- 
 Paul Gazzard (Non-executive 
  Director)                              1,196,809    28,125 
                                       -----------  -------- 
 Tom Bowens (Non-executive Director)     1,217,676    28,615 
                                       -----------  -------- 
 Brian Savage (Non-executive 
  Director)                              4,000,000    94,000 
                                       -----------  -------- 
 Total                                   7,848,200   184,432 
                                       -----------  -------- 
 

Following the Subscription, the Directors and Executive Management will have the following beneficial interest in the Company's issued ordinary share capital:

 
                                                     % of enlarged 
 Director / Executive                   No. Shares         capital 
 Robert Schafer (Non-executive 
  Chairman)                              3,167,508           0.23% 
                                       -----------  -------------- 
 Paul Gazzard (Non-executive 
  Director)                              2,758,679           0.20% 
                                       -----------  -------------- 
 Tom Bowens (Non-executive Director)     8,745,280           0.63% 
                                       -----------  -------------- 
 Brian Savage (Non-executive 
  Director)                              4,536,738           0.33% 
                                       -----------  -------------- 
 

Application will be made to the London Stock Exchange plc for 8,845,540 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 21 October 2020. The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Company, following the issue of 8,845,540 new Ordinary Shares is 1,379,872,315.

Following the Subscription, there is a total of GBP240,000 of unpaid salaries or fees are due to Directors and Executive Management.

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.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name:                                   1. Robert Schafer 
                                                2. Paul Gazzard 
                                                3. Tom Bowens 
                                                4. Brian Savage 
      ---------------------------------  ---------------------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position/status:                              1. Non-Executive Chairman 
                                                      2. Non-Executive Director 
                                                      3. Non-Executive Director 
                                                      4. Non-Executive Director 
      ---------------------------------  ---------------------------------------------------- 
 b)    Initial notification/Amendment:    Initial notification 
      ---------------------------------  ---------------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------- 
 a)    Name:                              Amur Minerals Corporation 
      ---------------------------------  ---------------------------------------------------- 
 b)    LEI:                               213800XFW6MKVCHHPW88 
      ---------------------------------  ---------------------------------------------------- 
 4a.   Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------------------------- 
 a)    Description of the financial       Ordinary shares of no 
        instrument, type of instrument:    par value 
        Identification code:               VGG042401007 
      ---------------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction:         Purchase of shares 
      ---------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s):              Price(s)                Volume(s) 
                                                        1. 2.35 p               1. 1,433,715 
                                                         2. 2.35 p               2. 1,196,809 
                                                         3. 2.35 p               3. 1,217,676 
                                                         4. 2.35 p               4. 4,000,000 
                                                                    ------------------------- 
      ---------------------------------  ---------------------------------------------------- 
 d)    Aggregated information:            Single transaction as 
        Aggregated volume:                 in 4 c) above Price(s)      Volume(s) 
        Price:                              2.35 pence    7,848,200 
                                                         ---------- 
      ---------------------------------  ---------------------------------------------------- 
 e)    Date of the transaction:           2020-10-14 
      ---------------------------------  ---------------------------------------------------- 
 f)    Place of the transaction:          Outside of trading venue 
      ---------------------------------  ---------------------------------------------------- 
 
 

-ENDS-

 
 
 For further information, please contact: 
 
 
 Company           Nomad and Broker                Public Relations 
  Amur Minerals     S.P. Angel Corporate Finance    Blytheweigh 
  Corp.             LLP 
 Robin Young CEO   Richard Morrison                Megan Ray 
                    Soltan Tagiev                   Tim Blythe 
 +7 (4212) 75 56                                   +44 (0) 20 7138 
  15               +44 (0) 20 3470 0470             3203 
 

For additional information on the Company, visit the Company's website, www.amurminerals.com .

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

IOEGZMMGGKGGGZM

(END) Dow Jones Newswires

October 15, 2020 06:03 ET (10:03 GMT)

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