Amur Minerals Corporation Result of General Meeting (7883M)

TIDMAMC

RNS Number : 7883M

Amur Minerals Corporation

25 May 2022

25 May 2022

AMUR MINERALS CORPORATION

(AIM: AMC)

Result of General Meeting

At the General Meeting of Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, held today at 10:00 a.m. The following resolution was tabled and proxies attending the meeting were cast and tabulated providing the final result that was verified by the registrar, Link Asset Management: The resolution was:

-- That the disposal by the Company's subsidiary, Irosta Trading Limited, of the entire issued share capital of AO <<Kun-Manie>> to Stanmix Holding Limited, on the terms set out in the Circular posted to shareholders on 9 May 2022 be approved.

The result was as follows:

 
               Votes For          %       Votes Against   %       Votes Total   % of Available    Votes 
                & Discretionary                                                  voting rights*    Withheld 
 Resolution 
  1            85,306,972         27.00   225,373,525     73.00   310,930,974   22.30             250,477 
              -----------------  ------  --------------  ------  ------------  ----------------  ---------- 
 

* Available Voting Rights equals 1,392,872,315.

Robin Young, CEO of Amur, commented: "The shareholders have voted against the offer for the Kun-Manie Project from Stanmix Holding Limited for US$105 million in aggregate. The total consideration offered was a significant premium to the Company's most recent and current market capitalisation and in line with an independent valuation report commissioned by the Board. As such, it was appropriate for the Board to call the General Meeting to provide the shareholders with an opportunity to consider the resolution given the current geopolitical setting related to the Russian Federation. Going forward, Amur will endeavour to advance the Project per the terms of its Detailed Exploration and Mining License as well as continue discussions with interested and qualifying parties."

Terms used and not defined in this announcement shall have the same meanings given to them in the Circular sent to shareholders on 9 May 2022.

Market Abuse Regulation (MAR) Disclosure)

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 
 Company            Nomad and Broker        Public Relations 
  Amur Minerals      S.P. Angel Corporate    BlytheRay 
  Corp.              Finance LLP 
 Robin Young CEO    Richard Morrison        Megan Ray 
                     Adam Cowl               Tim Blythe 
 [phone]                           [phone] 
  818               [phone]     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 [e-mail] 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

RAGSEWFSIEESEII

(END) Dow Jones Newswires

May 25, 2022 07:03 ET (11:03 GMT)