Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Amur Minerals Corp raises £2.5mln under Crede deal

Amur Minerals Corporation saw shares add 4.5% to 6.9p as it brought in £2.5mln under its deal with investor Crede.
 Amur Minerals Corp raises £2.5mln under Crede deal
In December last year, the firm announced it had completed a £12.5mln funding with Crede

Amur Minerals Corporation (LON:AMC) saw shares add 4.5% to 6.9p as it brought in £2.5mln under its deal with investor Crede.

Proceeds will go towards general corporate purposes, and added to the group's coffers  of US $7.4mln as at beginning of March, combined shall provide funding for continued exploration drilling.

It will also advance the completion  of the definitive feasibility study for its Kun-Manie nickel copper sulphide project.

In December last year, the firm announced it had completed a £12.5mln funding with Crede.

The US finance firm, will provide the funds in five staged payments for shares of £2.5mln each.

Amur said it had allotted over 32mln subscription shares to Crede at 7.65p each to raise £2.5mln gross.

It  also issued warrants over 24.5mln shares exercisable at a price of 9.945p per share exercisable for five years.

Crede now has over 45mln shares, or around 8.835 of the  share capital.

“The signed agreement sets the stage for future development funding negotiations with the fund and reflects the government interest in the project as a driver of economic activity in the region,” said SP Angel, nominated adviser and broker to Amur Minerals.

Amur shares were up 0.7% at 6.65p in late trading.

Giles_55af4ddca6481.jpg
Why Invest In Amur Minerals Corporation? Read More Here

Register here to be notified of future AMC Company articles
View full AMC profile

Amur Minerals Corporation Timeline

Newswire
June 20 2016

Related Articles

Gold---usable.jpg
March 14 2016
Landore Resources has hit significant gold showings at Junior Lake in Ontario
Putin.jpg
March 04 2016
Amur will talk to the agency, set up by President Vladimir Putin, about the possible federal funding for the mine, plant and smelter.

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.