08:00 Mon 03 Jul 2017
Amur Minerals Corp - Survey of Global Debt Markets
(AIM: AMC)
Survey of Global Debt Markets
Highlights:
· Medea is advising Amur on the overall financing options for the Project including the debt market, off-take agreements and strategic equity partners
· Medea has completed initial market soundings and reported their findings to the Board covering project debt capacity, lending market capacity,
· Medea has recommended that an updated Pre-feasibility Study ("PFS") be completed to update the market on the Project economics
· Medea have begun to work closely with the executive team at Amur to ensure all studies and models produced by the company are in line with the expectations and requirements any potential future partners or funders
Medea was engaged by Amur in
The Amur Board is currently reviewing the paper with Medea to fully understand the multiple financing pathways available to the Company allowing for the development of a road map to full project funding. An updated PFS is being completed enabling the Company to update the market on the most recent Project economics.
Medea is an
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
"The engagement of Medea has provided the Company with a long term strategic advisor on the structuring of project financing for the development of the
Medea's comprehensive report has provided the Company with the basis for developing a detailed plan and roadmap to full project financing. I look forward to updating the market as we develop and implement this strategic plan and as the company further focusses on its role in developing the Kun-Manie asset."
Enquiries:
Company |
Nomad and Broker |
Public Relations |
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+7 4212 75 56 15 |
+44 (0) 2034 700 470 |
+44 (0) 7544 275 882 |
Export Credit Agencies
ECAs are public agencies that provide sovereign-backed loans, guarantees and insurance to companies seeking to do business in developing countries and the involvement of ECAs is expected to be a key aspect of achieving full funding, as ECAs can provide credit insurance, which significantly reduces the risk profile of project debt to the syndicate of mining finance banks who ultimately finance the development of the Project.
ECAs currently finance or underwrite about
In the case of the
For further information, see the Company website at http://www.amurminerals.com.
For audio link: http://amurminerals.com/content/wp-content/uploads/medea.mp3
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