REG - Amur Minerals Corp - Statement regarding possible offer

Amur MineralsAnnouncement

02/06/2023 07:00

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RNS Number : 4226B  Amur Minerals Corporation  02 June 2023

2 June 2023

 

Amur Minerals Corporation

("Amur" or "the Company")

 

Statement regarding possible offer

The Board of Amur Minerals Corporation notes the announcement yesterday
afternoon by Ascent Resources plc ("Ascent") setting out the terms of a
non-binding indicative proposal regarding a possible share offer for the
entire issued and to be issued share capital of Amur by Ascent.

Since Q4 2022, and in advance of the completion of the sale of its Kun-Manie
Nickel Copper project in the Russian Federation (the "Sale"), Amur has been
conducting various high level evaluations and assessments of international
private and public resource companies and projects. However, until the Sale
had completed and the dividend payment process been announced, the Board has
been restricted in its ability to advance discussions with potentially
interested parties which included Ascent. The terms of the proposed
transaction announced by Ascent were new to the Board and accordingly, it will
consider these with regard to this opportunity.

Given the indicative nature of the proposed offer, shareholders are advised to
take no action at this stage. There can be no certainty that an offer will be
made for Amur, or the terms on which any such offer will be made.

Further announcements will be made as appropriate.

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
 +7 (4212) 75 56 15    +44 (0) 20 3470 0470               +44 (0) 20 7138 3204

 

 

 

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