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REG - Amur Minerals Corp - Russian Sanctions Update

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RNS Number : 1783I  Amur Minerals Corporation  13 April 2022

 

13 April 2022

 

AMUR MINERALS CORPORATION

(AIM: AMC)

 

Russian Sanctions Update

 

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 the Company has been continuously reviewing
the EU, UK and USA sanctions documentation.  Since 23 February 2022, the
sanctions list additions have been frequent and rapidly evolving, changing the
geopolitical landscape.  To date, there has been minimal impact to the
Company.  As of 5 April 2022, the actions undertaken by the Company include
the following:

 

·    Flow of funds supporting AO Kun-Manie continue and the Company has
now ensured sufficient cash reserves for the subsidiary covering budgeted
costs through H1 2022.  Previously, AO Kun-Manie funds have been delivered to
cover a 30 to 45 day period.

 

·    No one individual or entity identified in any transactions,
contracts, or operational undertakings related to a transaction related to AO
Kun-Manie are sanctioned.

 

·    The Company's lead legal consul representation in Moscow, Bryan Cave
Leighton Paisner, is suspending operations within Russia. The Company is
reviewing options for lead Russian legal representation.

 

 

 

 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
 +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 (http://www.amurminerals.com) .

 

 

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