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Amur Minerals Corp - Exercise of Warrants and Issue of Equity

RNS Number : 1296T
Amur Minerals Corporation
15 July 2020
 

 

15 July 2020

 

AMUR MINERALS CORPORATION

(AIM: AMC)

 

Exercise of Warrants and Issue of Equity

 

 

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announces that, pursuant to the fixed term loan note agreement entered into with Plena Global Opportunities LLC ("Investor") and announced on 12 March 2020, the Investor has elected to convert 26,223,776 warrants ("Warrants") at the warrant exercise price of 1.43 pence per share providing the Company £375,000. The Investor has 26,223,776 warrants remaining. The Company repaid the loan note in full on 4 May 2020.

 

Application will be made to the London Stock Exchange plc for 26,223,776 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 21 July 2020. The new Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid.  There are no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Company, following the issue of 26,223,776 new Ordinary Shares is 994,283,925.

 

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.

 

 

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

+44 (0) 7981 126 818

+44 (0) 20 3470 0470

+44 (0) 20 7138 3203

 

For additional information on the Company, visit the Company's website, www.amurminerals.com.

 

 


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: 1.925

Market: LSE
Market Cap: £26.39 m
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