The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAmur Minerals Regulatory 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

2.07 million GBP Financing Complete

25 May 2011 07:00

RNS Number : 2124H
Amur Minerals Corporation
25 May 2011
 



 

25 May 2011

 

Amur Minerals Corporation

(AIM: AMC)

 

Lanstead Capital LLP Financing Nets 2.07 Million GBP

Amur Minerals Corporation ("Amur" or the "Company"), an exploration and development company focused on Far East Russia, announces that it has closed an early settlement for the equity swap agreement entered into with Lanstead Capital LLP ("Lanstead") in July 2010 ("Lanstead 1"). This has allowed the Company to realise on an accelerated basis total proceeds of GBP 2.07 million, which is more than double the original placing proceeds of GBP 0.89 million. Fees related to the transaction have been included in the reported values. The details of Lanstead 1 were as follows:

 

·; On 23 July 2010, the Company announced it had entered into Lanstead 1, an equity swap agreement over a total of 20 million shares at the same time as completing a placing of shares to Lanstead.

 

·; On 20 October 2010, the Company announced that it had amended the agreement expanding the equity swap agreement by an additional 7.06 million ordinary shares in conjunction with an additional placing to Lanstead.

 

·; The projected funding less fees available to the Company totalled GBP 0.89 million. Settlements were to be received over a period of 24 months ending August 2012.

 

·; A substantial increase in the share price after completion of the placings and agreement allowed the Company to accelerate the settlement schedule, thereby obtaining a substantially higher cumulative per share value than planned.

 

·; The cumulative Lanstead 1 amount per share realised averaged 7.67 pence compared to the original 3.30 pence per share placing amount, and total funds paid by Lanstead including the original placing proceeds were 232% of the amount planned. These reported values are net of all fees related to the transaction.

 

The acceleration of the settlements has resulted in a substantial increase in cash reserves whilst the Company continues its efforts to obtain its mining licence and to undertake the upcoming 2011 field season.

 

A second equity swap agreement with Lanstead ("Lanstead 2"), announced on 22 March 2011, in conjunction with a placing of 27.5 million shares to Lanstead completed at the same time, remains in place allowing Amur to continue to benefit from future share price appreciaton over the subsequent 24 months.

 

Robin Young, CEO of Amur Mineral Corporation stated;

 

"The additional influx of monies enables Amur to advance the project through additional sampling, metallurgical testwork, engineering and refinement of the drill programme planned for 2012. The metallurgical and engineering work will focus on optimisation of the project and assist in defining the final design of the Kun-Manie project."

 

 

 

Enquiries:

Company

Amur Minerals Corp.

Nomad and Joint Broker

RBC Capital Markets

Joint Broker

Hybridan LLP

Public Relations

Lothbury Financial Services

Robin Young

Martin Eales

Claire Noyce

Michael Padley

+44 (0) 7981 126 818

+44 (0) 20 7029 7881

+44 (0) 20 7947 4350

+44 (0) 20 7868 2010

 

Notes to Editors

For further information about Amur, please visit the Company's website at www.amurminerals.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSEMFILFFSEDI
Date   Source Headline
4th Aug 20204:37 pmRNSExercise of Warrants and Issue of Equity
21st Jul 20204:41 pmRNSSecond Price Monitoring Extn
21st Jul 20204:36 pmRNSPrice Monitoring Extension
15th Jul 20204:39 pmRNSExercise of Warrants and Issue of Equity
14th Jul 202010:55 amRNSResponse to Price Movement
13th Jul 202012:02 pmRNSPrice Monitoring Extension
6th Jul 20204:40 pmRNSSecond Price Monitoring Extn
6th Jul 20204:36 pmRNSPrice Monitoring Extension
26th Jun 20209:03 amRNSAUDITED FINAL RESULTS YEAR ENDED 31 DECEMBER 2019
24th Jun 20207:00 amRNSBankable Feasibility Study Strategy
19th Jun 202011:34 amRNSExtraordinary General Meeting Results
12th Jun 20203:40 pmRNSPosting of Q&A ahead of EGM
12th Jun 202012:02 pmRNSPrice Monitoring Extension
11th Jun 20207:00 amRNSTEO Update – Indicative Revenue Terms
2nd Jun 20207:00 amRNSNotice of Extraordinary General Meeting
1st Jun 20207:00 amRNSKun-Manie Copper Concentrate Update
27th May 20207:00 amRNSEquity Placing
21st May 20204:40 pmRNSSecond Price Monitoring Extn
21st May 20204:35 pmRNSPrice Monitoring Extension
20th May 20207:00 amRNSDirector Change
4th May 20203:39 pmRNSRepayment of Loan
16th Apr 20204:40 pmRNSSecond Price Monitoring Extn
16th Apr 20204:36 pmRNSPrice Monitoring Extension
16th Apr 20204:25 pmRNSEquity Placing
3rd Apr 202012:31 pmRNSGrant of Options
31st Mar 202012:07 pmRNSSecond Price Monitoring Extn
31st Mar 202012:03 pmRNSPrice Monitoring Extension
30th Mar 20204:41 pmRNSSecond Price Monitoring Extn
30th Mar 20204:36 pmRNSPrice Monitoring Extension
16th Mar 202010:58 amRNSReceipt of Proceeds of Initial Advance
12th Mar 202010:48 amRNSFixed Term Loan Note Instrument to Complete TEO
21st Feb 20207:00 amRNSIssue of Warrants
17th Feb 20207:00 amRNSMetallurgical Results Update
13th Feb 202010:37 amRNSReplacement Advisor to the Board Appointment
13th Feb 20207:00 amRNSAdvisor to the Board Appointment
28th Jan 20207:00 amRNSRock Mechanics Assessment Complete
15th Jan 20207:00 amRNSBase Line Environmental Assessment Complete
31st Dec 20197:00 amRNSPermanent Conditions TEO Update
13th Dec 201910:17 amRNSAnnual General Meeting Results
2nd Dec 20197:00 amRNSIssue of Equity
25th Nov 20198:47 amRNSNotice of Annual General Meeting
20th Nov 20199:22 amRNSInvestor Event
18th Nov 20191:47 pmRNSRepayment of Convertible Loan
13th Nov 20197:00 amRNSResults of shareholder analysis
12th Nov 20197:00 amRNSHydrological Assessment Complete
4th Nov 20197:00 amRNSIssue of Equity
30th Oct 20192:53 pmRNSConversion of Loan and Issue of Equity
30th Sep 20199:53 amRNSInterim Results 2019
23rd Sep 20197:00 amRNSPermanent Conditions TEO Update
16th Sep 20197:00 amRNSTEO Reserve Estimation Programme Initiated

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.