Last checked at 1 Oct 2015 07:00
01 October 2015
AMUR MINERALS CORPORATION
(AIM: AMC)
Completion of Lanstead Equity Swap Agreement
Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper exploration and development company focused on base metal projects located in the Far East of Russia, announces the completion of the equity swap agreement (the "Agreement") in the amount of £5.0 million entered into with Lanstead Capital LLP ("Lanstead") in July 2013.
The Company entered into a combined placing and equity swap agreement with Lanstead announced 23 July 2013. All 24 settlements of the equity swap agreement have now been completed, with the Company having received a total of £8.3 million from the placing and agreement.
Mr. Robin Young, CEO of Amur Minerals Corporation, states;
"Lanstead has been an important supporter and partner for Amur. The agreement with Lanstead provided the Company with the necessary finance to continue its exploration and development of Kun-Manie, through to the awarding of the Production Licence in June 2015. Further to this, Amur is now in a position to launch its Detailed Study Phase of project development.
At completion of the financial agreement, the board strongly believes that Amur is one of the better funded international junior exploration companies. It is currently in the process of setting out its intermediate and longer term objectives in development of what it considers to be a world class nickel sulphide project."
Enquiries:
Company Amur Minerals Corp. | Nomad and Broker S.P. Angel Corporate Finance LLP | Public Relations Yellow Jersey |
Robin Young CEO +44 (0) 7981 126 818 | Ewan Leggat +44 (0) 20 3470 0470 | Dominic Barretto +44 (0) 77 6853 7739 |