(Alliance News) - Amur Minerals Corp on Wednesday said it has converted USD104,602 owed to Cuart Investments PCC Ltd and YA II PN Ltd into shares.
The exploration and resource development company issued 4.8 million shares to Cuart Investments and YA II PN pursuant to a convertible loan agreement.
Following the admission, Amur Minerals will have 717.9 million shares overall.
At the end of March, the AIM-listed company amended terms of a convertible loan to allow it to keep working on its flagship Kun-Manie nickel copper sulphide project in Russia. At the time, Amur had a USD10 million maximum convertible loan with maturity in March 2020.
Amur shares were trading 5.5% lower on Wednesday at 1.91 pence each in London.