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A close up of a logo Description automatically generated
4 March 2024
AMUR MINERALS CORPORATION
(AIM: AMC)
Company Update
Amur Minerals Corporation ("Amur" or the "Company"), which has been reclassified as an AIM Rule 15 cash shell, announces an update regarding progress towards completing a Reverse Takeover ('RTO') pursuant to AIM Rule 14 ("RTO").
The Company entered into a heads of terms agreement ("HOT") to acquire a UK based candidate in the healthcare sector (the "Target") on 25 January 2024. The Target is a UK-based pharmaceutical company which has developed an innovative drug delivery technology to improve the clinical performance of cancer treatments for solid tumours through the local delivery of chemotherapy.
Pursuant to the HOT, Amur would acquire the entire issued share capital of the Target in return for the issue of new ordinary shares in Amur (the "Consideration Shares").
The proposed transaction will constitute a RTO and is therefore subject to certain matters including completion of financial, legal and technical due diligence on the Target, the negotiation and entering into an appropriate SPA, the publication of an AIM Admission Document and the approval by Amur's shareholders at a general meeting.
The Company is currently advancing the necessary workstreams to complete the RTO process and expects to be in the position to publish an AIM Admission Document before the end of April 2024. The Company's shares will remain suspended from trading pending publication of the AIM Admission Document.
At this stage, there can be no assurance that the Company will be able to complete this RTO, or any other RTO.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
My understanding is the day after the record date is the ex-div date and the share price will rerate down the 1.8p so maybe 0.5p ish We will then have to wait for the payment of the divi. This day will prob be a blood bath as most will just sell out whatever they can after the ex div date knowing they will have the divi payment at a later date.
Sorry for your loss MD :(
Simply wall street has 32 employees at dec 2020 so 17 sounds about right for 2022 looking at the decline from 2019 in this graph
https://ibb.co/BVjzQVj
This is old news but there is evidence of a second party interested in our asset.
Russian copper companies billionaire Igor altushkin (Sunday Express)
https://twitter.com/ZaksTradersCafe/status/1508480905727381508
Well spotted TD2
Worth noting also they only made it in the list over the threshold last month too so have been accumulating for at least two months IMO
Excel sheet screenshot that I have been keeping:-
https://ibb.co/KLmBrc9
https://ibb.co/YT3Qv3k YTD
Seems like last month the Euroclear was removed and added to others now removed from others this month and added to Jim.
The price in RNS was up to £100M
Share in issue 1.39B so 7.1p approx for £100m
mur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company which possesses a wholly owned nickel sulphide asset located in the far east of Russia, notes the recent share price movement and press speculation that a potentially interested party has valued the Company at an indicative price of up to £100 million. The Company confirms that it is in discussions with a potential purchaser to sell its wholly owned subsidiary, Irosta Trading Limited, for approximately the indicated price. Irostra Trading Limited owns the Kun-Manie Project.
*update correction with NDA being insider information
Replace bidders with "potentially interested party" Amur's own words as used on the RNS confirming the rumour from the Times article. We know RY doesn't like to keep us updated but he clearly says (insider information) my take involved in NDA's in the video below so has his hands tied.
An old video that I'm sure lots have already seen but worth watching from 27 mins onwards especially
https://www.youtube.com/watch?v=GlCA0vKi0_Y
Replace bidders with "potentially interested party" Amur's own words as used on the RNS confirming the rumour from the Times article. We know RY doesn't like to keep us updated but he clearly says NDA in the video below so has his hands tied.
An old video that I'm sure lots have already seen but worth watching from 27 mins onwards especially
https://www.youtube.com/watch?v=GlCA0vKi0_Y
Yes, MisterPositive two bidders.
Vladislav Sviblov is the first bidder (The Times)
So who is the mystery suitor for Amur Minerals' Russian mine? Sources claim it's Vladislav Sviblov, who has previously swallowed Highland Gold and Trans-Siberian Gold. Word is Amur is ready to do a deal with Sviblov if he'll up his offer - @jesssnewman
https://twitter.com/walshdominic/status/1486971545805377538
The second one is Russian copper companies billionaire Igor altushkin (Sunday Express)
https://twitter.com/ZaksTradersCafe/status/1508480905727381508
Good reaction for Amur shares today in the wake of the Sunday Express article. Up 10% #AMC @amur_minerals
https://twitter.com/ZaksTradersCafe/status/1508480905727381508
It looks like Kun-Manye is destined to be built, why else would it be mentioned in the latest Ore/Metals journal «???? ? ???????» #4/2021?
https://twitter.com/TheBakingTrader/status/1504054278805204993/photo/1
Shareholder Distribution 24/01/2022 - 03/03/2022
https://ibb.co/ph2Jd9b
Vladislav Sviblov is the bidder supposedly
So who is the mystery suitor for Amur Minerals' Russian mine? Sources claim it's Vladislav Sviblov, who has previously swallowed Highland Gold and Trans-Siberian Gold. Word is Amur is ready to do a deal with Sviblov if he'll up his offer - @jesssnewman
https://twitter.com/walshdominic/status/1486971545805377538
Too right CBS, this is going to be very interesting.
Sounds obvious but we really need to stick together and not sell to any accumulator and not accept any silly offers like this one. Ideal world thinking this and obv people have their own price they will sell at in their heads.
I note he is regarded as a "shady person." Ties in with the timing of this potential offer.
Think its this page
https://www.thetimes.co.uk/article/cheap-means-cheerful-as-jp-morgan-advises-buy-m56hxnkch
Just google the times amur minerals
Cheap means cheerful as JP Morgan advises 'buy' - The Timeshttps://www.thetimes.co.uk › article
25 minutes ago — Amur Minerals is in demand. An Aim-quoted Russian-focused miner and explorer was on a roll yesterday as its shares surged nearly by 70 per cent ...
just leaving this here for future ref.
image link:-
https://ibb.co/VBXjFDV
Its current screenshot of http://amurminerals.com/share-information/
Nominee Shareholder Ordinary Shares Held Percent Ordinary Shares
INTERACTIVE INVESTOR SERVICES 379,591,416 27.51%
HARGREAVES LANSDOWN (NOMINEES) 246,187,778 17.84%
HSDL NOMINEES LIMITED 155,979,131 11.30%
VIDACOS NOMINEES LIMITED 85,620,660 6.20%
LAWSHARE NOMINEES LIMITED 71,080,046 5.15%
BARCLAYS DIRECT INVESTING NOMINEES 64,776,191 4.69%
EUROCLEAR NOMINEES LIMITED 58,126,537 4.21%
HSBC CLIENT HOLDINGS NOMINEE (UK) 55,157,202 4.00%
1,116,518,961 80.91%
Directors / Executives 21,040,785 1.52%
Other Shareholders 242,312,569 19.07%
Can sell 1m at 1.99p now.
https://ibb.co/mTSd8Ry