Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmur Minerals Share News (AMC)

  • This share is currently suspended. It was suspended at a price of 0.09

Share Price Information for Amur Minerals (AMC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.09
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.09
AMC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Amur Minerals Gets GBP1.5 Million Loan For Kun-Manie Feasibility Study

Thu, 12th Mar 2020 15:49

(Alliance News) - Amur Minerals Corp on Thursday said it has secured a GBP1.5 million fixed term loan note from Plena Global Opportunities LLC.

The funds will be used to complete the Russian feasibility study for the Kun-Manie nickel-copper sulphide project located in the far east of Russia.

The loan note consists of three advances of with the initial advance of GBP500,000 being withdrawn by the company. A second advance of GBP500,000 is available after three months and a final advance of GBP500,000 is available after six months by mutual consent.

Amur Chief Executive Robin Young said: "This staged funding will allow us to continue toward the completion of the permanent conditions TEO due for completion in the fourth quarter this year."

TEO is the Russian equivalent of a feasibility study.

Shares in Amur were down 25% at 1.20 pence each in London on Thursday afternoon.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 Sep 2015 07:08

Amur Minerals Shares Up As Flangovy Drilling Expands Mineralised Zone

Read more
2 Sep 2015 07:55

Amur Minerals Receives Further GBP3 Million From Lanstead (ALLISS)

Read more
10 Aug 2015 06:46

Amur Minerals Signs Financing Advisory Deal With Russian Government

Read more
29 Jun 2015 07:43

London pre-open: Sharp sell-off expected as Greek crisis escalates

Stock markets across Europe are set to plummet on Monday morning as the risk of a Greek default and possible exit from the Eurozone increased significantly over the weekend following the breakdown of talks between Athens and its lenders. City sources predict the FTSE 100 will open around 180 points

Read more
29 Jun 2015 07:31

Amur Minerals To Spend USD1.85 Billion On Kun Manie Over 15 Years

Read more
29 Jun 2015 07:19

Amur Minerals narrows losses as Kun-Manie development continues

Amur Minerals remained debt free throughout 2014 and maintained a healthy cash position as is continues with its plans to develop its flagship Kun-Manie nickel copper sulphide project in the Russian Far East. In its annual results, Amur said efforts made last year were "critical" in transforming the

Read more
25 Jun 2015 09:56

Amur Minerals surges after paying for licence conversion in Russia

Mineral exploration group Amur Minerals said it had completed the payment for the conversion of the licence of its Kun-Manie project. Through its subsidiary ZAO Kun-Manie, the group made a payment of 23.6m ruble to cover the assignment of production rights for all recoverable metal at the project in

Read more
25 Jun 2015 07:18

Amur Minerals Makes Licence Conversion Payment For Kun-Manie

Read more
24 Jun 2015 07:42

Amur Minerals Gets Approval For Kun-Manie Project Plan

Read more
10 Jun 2015 15:57

Sector movers: Supermarkets and food retailers nudge London market higher

Healthy trading in supermarket and food related stocks led the London market back into the green on Wednesday. The blue chip FTSE 100 closed up by 1.13% or 76.47 points at 6,830.27 points having been greeted by positive news from supermarkets. Market leader Tesco (up 4.63%) saw its shares surge on r

Read more
10 Jun 2015 08:24

Amur Minerals Gets Exploration And Production Licence For Kun-Manie

Read more
22 May 2015 15:46

LONDON MARKET COMMENT: FTSE 100 Ends Up For Fifth Consecutive Session

Read more
22 May 2015 14:25

Amur Minerals soars on Kun Manie production license approval

Shares in exploration and development company Amur Minerals rose a whopping 76% on Friday after the company said that Russian Prime Minister Dmitry Medvedev has approved its production license for the Kun Manie nickel-copper sulphide deposit in far eastern Russia. Amur holds 100% of the rights and w

Read more
22 May 2015 11:00

LONDON MIDDAY BRIEFING: FTSE 100 Female CEOs To Rise To Six

Read more
22 May 2015 10:25

WINNERS & LOSERS: Severn Trent Sinks As Pretax Profit Drains Away

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.