Amur Minerals Corporation Issue of Equity (2342K)
August 27 2019 - 2:36AM
UK Regulatory
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
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