REG - Amur Minerals Corp - Receipt of Funds

Amur MineralsAnnouncement

14/03/2023 13:00

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RNS Number : 9466S  Amur Minerals Corporation  14 March 2023

 

14 March 2023

 

Amur Minerals Corporation

("Amur" or the "Company")

 

Receipt of Funds

 

Amur Minerals Corporation ("Amur" or the "Company"), is pleased to confirm it
is in receipt of the agreed consideration, an amount of US$35 million, for the
sale of the Company's 100% interest in its nickel - copper sulphide asset,
Kun-Manie, located in the Russian Federation.

 

The Company has previously announced that it will pay a special dividend of
1.8 pence per share to shareholders within 90 days of the receipt of funds.
Further announcements in respect of the dividend dates will be made in due
course.

 

Following the disposal of Kun-Manie on 06 March 2023, Amur Minerals became an
AIM Rule 15 cash shell and accordingly, is required to make an acquisition or
acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or
before the date falling six months from the completion of the disposal, or be
re-admitted to trading on AIM as an investing company under AIM Rule 8.
Failing that, the Company's ordinary shares would be suspended from trading on
AIM pursuant to AIM Rule 40. If the Company's shares remain suspended for six
months, admission of the Company's shares will be cancelled.

 

For further information, and Company updates see the Company website at
www.amurminerals.com (http://www.amurminerals.com)   twitter page
@amur_minerals.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Enquiries:

 

 Company               Nomad and Broker                   Public Relations

 Amur Minerals Corp.   S.P. Angel Corporate Finance LLP   BlytheRay
 Robin Young CEO       Richard Morrison                   Megan Ray

                       Adam Cowl                          Tim Blythe
 +1 (925) 408-4621     +44 (0) 20 3470 0470               +44 (0) 20 7138 3204

 

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