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Amur Minerals Corp - Advisor to the Board Appointment

RNS Number : 8289C
Amur Minerals Corporation
13 February 2020
 

 

 

13 February 2020

 

Amur Minerals Corporation

("Amur" or "the Company")

 

Advisor to the Board Appointment

 

Amur Minerals Corporation (AIM: AMC) is pleased to announce that the Company has appointed Mr. Adam Habib as an Advisor to the Board on Transactions and Corporate Development. Mr. Habib will have the responsibility for advancing funding activities and establishment of strategic partnerships allowing for the continued development of the Kun-Manie nickel/copper sulphide project.

 

Adam Habib is an experienced senior banker with a combined 17 years of experience in investment banking (Credit Suisse, Lehman Brothers and recently ICBC Standard Bank) with a proven track record in the energy, mining and infrastructure industries.  Most recently he was a Senior Adviser to the Board of Cofely Endel Engie (formerly Cofely Endel GDF Suez 2015-2016), part of the Engie Group which is one of the largest energy utility companies in Europe (with a market capitalisation of c.€38 billion and an annual turnover of c.€61 billion).

 

During Adam's time in investment banking he has led both Capital Markets and Investment Banking teams sitting on the management distribution committee in Europe for Credit Suisse Investment Bank.  Adam is a specialist in Energy and Mining finance transactions (acquisition finance, development finance and project finance).  Adam has worked on some of the largest E&P (Exploration & Production) and Mining deals in the world including Russia, Africa, Latin America, Central Asia and the North Sea.  Adam's extensive relationships across the banking and mining industry will enhance the Company's contacts and are expected to be of significant additional value to Amur.

 

As part of Adam Habib's consultancy agreement, he has been awarded a total of 25, 619,260 share options over the Company's ordinary shares with an exercise price of 1.95 pence per share (the "Options"). Of the total, 12,803,630 will vest immediately and are not subject to performance criteria. The remaining 12,803,630 are subject to performance and will vest as upon the successful completion by the Company of an off-take agreement, or completion of a producing asset investment. The options will expire on 13 February 2025.

 

 

Robin Young, CEO of Amur Minerals Corporation, commented:

 

"It is with great pleasure, on behalf of the Board, we welcome Adam to Amur Minerals.  We look forward to working closely with Adam as he undertakes his role as the lead advisor on Transactions and Corporate Development.

 

"We are delighted to have the caliber of Adam join Amur bringing his relationships and expertise in the finance, mining, energy and infrastructure sectors to the Company.  His proven international and large scale project track record will substantially enhance implementation of our strategic plan within the areas of funding, strategic partner identification and structuring of project financing.  His expert guidance, input and specialist expertise will be of great value in the continued development of the Company and the advancement of Kun-Manie." 

 

 

Enquiries:

 

Company

Amur Minerals Corp.

Nomad and Broker

S.P. Angel Corporate Finance LLP

Public Relations

Blytheweigh

Robin Young CEO

Richard Morrison

Soltan Tagiev

Megan Ray

Tim Blythe

+7 (4212) 75 56 15

+44 (0) 20 3470 0470

+44 (0) 20 7138 3204

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Amur Minerals Corp.

Price: 1.17

Market: LSE
Market Cap: £10.77 m
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