TIDMAMC
RNS Number : 2408V
Amur Minerals Corporation
02 December 2019
2 December 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 certain Directors and Executive Management have today been
issued 9,485,828 new Ordinary Shares of the Company ("the
Subscription") at a price of 2.06 pence per share for a total value
of GBP195,408 as part satisfaction of salaries and fees in order to
preserve cash. The Subscription price is at the closing price of
Friday 29 November 2019.
The following Directors and Executive Management have
participated in the subscription:
Director / Executive No. Shares GBP
Robert Schafer (Non-executive
Chairman) 1,098,818 22,636
----------- --------
Robin Young (Director / CEO) 3,866,524 79,650
----------- --------
Paul Gazzard (Non-executive
Director) 1,365,146 28,122
----------- --------
Paul McKay (CFO, non-board) 3,155,340 65,000
----------- --------
Total 9,485,828 195,408
----------- --------
Following the Subscription, the Directors and Executive
Management participating in this subscription will have the
following beneficial interest in the Company's issued Ordinary
Capital:
% of enlarged
Director / Executive No. Shares capital
Robert Schafer (Non-executive
Chairman) 1,733,792 0.21%
----------- --------------
Robin Young (Director / CEO) 6,369,318 0.75%
----------- --------------
Paul Gazzard (Non-executive
Director) 1,561,871 0.18%
----------- --------------
Paul McKay (CFO, non-board) 3,477,016 0.41%
----------- --------------
Application will be made to the London Stock Exchange plc for
9,485,828 new Ordinary Shares to be admitted to trading on the AIM
market with admission expected to occur on or around 6 December
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
9,485,828 new Ordinary Shares is 845,441,101.
The participants of the subscription are Directors and Executive
Management of the Company, and are therefore regarded as a related
party as defined by the AIM Rules for Companies (the "AIM Rules").
The Subscription is therefore classified as a related party
transaction for the purposes of Rule 13 of the AIM Rules. Tom
Bowens, 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: 1. Robert Schafer
2. Robin Young
3. Paul Gazzard
4. Paul McKay
--------------------------------- ----------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: 1. Non-Executive Chairman
2. Chief Executive Officer
3. Non-Executive Director
4. Chief Financial Officer
(non-board)
--------------------------------- ----------------------------------------------
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)
1. 2.06 p 1. 1,098,818
2. 2.06 p 2. 3,866,524
3. 2.06 p 3. 1,365,146
4. 2.06 p 4. 3,155,340
-------------------------
--------------------------------- ----------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 2.06 pence 9,485,828
----------
--------------------------------- ----------------------------------------------
e) Date of the transaction: 2019-11-29
--------------------------------- ----------------------------------------------
f) Place of the transaction: Outside of trading venue
--------------------------------- ----------------------------------------------
-ENDS-
For further information, please contact:
Company Nomad and Broker Public Relations
Amur Minerals S.P. Angel Corporate Finance Blytheweigh
Corp. LLP
Robin Young CEO Richard Morrison 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
IOELFFSLFALLIIA
(END) Dow Jones Newswires
December 02, 2019 02:00 ET (07:00 GMT)
Amur Minerals (LSE:AMC)
Historical Stock Chart
From Apr 2024 to May 2024
Amur Minerals (LSE:AMC)
Historical Stock Chart
From May 2023 to May 2024