Amur Minerals Corporation Issue of Equity (8890M)
May 02 2018 - 5:52AM
UK Regulatory
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
+7 (4212) 75 56 +44 (0) 7544 275
15 +44 (0) 20 3470 0470 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
END
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