Amur Minerals Corp - Russian mineral exploration company - Says following the fixed-term loan note agreement entered into with Plena Global Opportunities LLC, Plena has decided to convert 6.5 million warrants at 1.43 pence each, raising a total of GBP92,950.
In March, Amur said it secured a GBP1.5 million fixed term loan note from Plena, stating 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.
States Plena now has 4.7 million warrants remaining. Following the issue, Amur's share capital will comprise 1.37 billion shares.
Current stock price: 2.00p
Year-to-date change: up 0.5%
By Ife Taiwo; ifetaiwo@alliancenews.com
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Amur Minerals (AMC)