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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 : 2342K
Amur Minerals Corporation
27 August 2019
27 August 2019
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 Mr. Tom Bowens, Non-executive Director of the Company has today subscribed for 7,527,604 new Ordinary Shares (the Subscription Shares") and raised gross proceeds totaling GBP162,972 of the Company at a price of 2.165 pence per share. The Subscription price is at the closing price of Friday 23 August 2019 and therefore not at a discount, representing a more competitive source of funds when compared to the Company's current loan facility.
Following this transaction, Mr. Bowens will have a beneficial interest in 7,527,604 Ordinary Shares representing approximately 1 percent of the Company's issued Ordinary Capital.
Application will be made to the London Stock Exchange plc for 7,527,604 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 2 September 2019. 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 7,527,604 new Ordinary Shares is 736,272,604.
Mr. Tom Bowens is a Non-Executive director of the Company, and is therefore regarded as a related party as defined by the AIM Rules for Companies (the "AIM Rules"). Mr Bowen's participation in the Subscription is therefore classified as a related party transaction for the purposes of Rule 13 of the AIM Rules. Robert Schafer, Paul Gazzard, Brian Savage and Ljupco Naumovski, being the independent directors for the purposes of Rule 13, consider, having consulted with the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.
The proceeds of the subscription will be used for working capital.
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: Tom Bowens --------------------------------- ---------------------------------------- 2. Reason for the notification --------------------------------------------------------------------------- a) Position/status: 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) 2.165 p 7,527,604 ---------- --------------------------------- ---------------------------------------- d) Aggregated information: Single transaction as Aggregated volume: in 4 c) above Price(s) Volume(s) Price: 2.165 pence 7,527,604 ---------- --------------------------------- ---------------------------------------- e) Date of the transaction: 2019-08-23 --------------------------------- ---------------------------------------- f) Place of the transaction: Outside of trading venue --------------------------------- ----------------------------------------
-ENDS-
Company Nomad and Broker Public Relations Amur Minerals S.P. Angel Corporate Finance Blytheweigh Corp. LLP Robin Young CEO Lindsay Mair 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.
END
DSHQDLBLKVFXBBL
(END) Dow Jones Newswires
August 27, 2019 02:36 ET (06:36 GMT)
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