Last checked at 7 Sep 2023 07:00
7 September 2023
Amur Minerals Corporation
("Amur" or the "Company")
Suspension of trading on AIM
Amur Minerals Corporation (AIM: AMC) confirms that trading in the Company's shares on AIM will be suspended with effect from 7.30 a.m. BST today.
As stated in the Company's notification of 6 March 2023, following the disposal of the Company's AO Kun-Manie subsidiary, Amur became classified as an AIM Rule 15 cash shell from that date, and as such was required to make an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies, or be re-admitted on AIM as an investing company under the AIM Rules on or before the date falling six months from 6 March 2023.
As neither a reverse takeover nor readmission to trading on AIM as an investing company have been completed, trading in the Company's shares on AIM will now be suspended today.
Trading will remain suspended until the completion of a reverse takeover, which requires the publication of an admission document and the approval of such a transaction at a General Meeting of the Company, or the Company is readmitted to trading on AIM as an investing company.
If no such transaction is completed within six months, the Company's shares will be cancelled from trading on AIM pursuant to AIM Rule 41. There can be no assurance that the Company will be able to complete a reverse takeover during the six-month suspension period.
The board of Amur continues to review a number of reverse takeover opportunities. Further announcements will be made as appropriate.
Enquiries:
Company Amur Minerals Corp. | Nomad and Broker S.P. Angel Corporate Finance LLP | Public Relations BlytheRay |
Robin Young CEO | Richard Morrison Adam Cowl | Megan Ray Tim Blythe |
+44 (0) 7981 126 818 | +44 (0) 20 3470 0470 | +44 (0) 20 7138 3203 |