Amur Minerals Corporation Issue of Equity (8890M)

TIDMAMC

RNS Number : 8890M

Amur Minerals Corporation

02 May 2018

2 May 2018

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, announces that it has today issued 610,925 new ordinary shares of the Company ("Ordinary Shares") to Medea Capital Partners Limited ("Medea") in settlement of GBP28,744 fees outstanding to them. The issue price of 4.705p per share was determined using a 30-day VWAP.

Application will be made to the London Stock Exchange plc for 610,925 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 9 May 2018. 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 610,925 new Ordinary Shares is 645,736,156.

Medea is an FCA-regulated corporate advisory firm based in London that provides strategic advice on capital raising and debt structuring to mining companies. The Medea team takes a comprehensive approach to ensure successful financing of mining projects for junior mining companies with a particular specialty in emerging market projects. Further information about Medea can be found on www.medea-nr.com.

Paul McKay, CFO of Amur Minerals Corporation, commented:

"Medea is working with the Company as advisor on strategic partnering and project financing. As we continue moving forward with our corporate development activities Medea plays an important role in assisting us in developing the medium and long-term objectives and also in executing our activities. Their decision to accept shares in lieu of payment I believe demonstrates their commitment to the Company and their confidence in our timing and direction."

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.

 
 Company           Nomad and Broker                Public Relations 
  Amur Minerals     S.P. Angel Corporate Finance    Yellow Jersey 
  Corp.             LLP 
 Robin Young CEO   Ewan Leggat                     Dominic Barretto 
                    Soltan Tagiev                   Harriet Jackson 
 [phone]                                   [phone] 
  15               [phone]             882 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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May 02, 2018 05:52 ET (09:52 GMT)