Amur Minerals Corp - Press Speculation & Share Price Movement
25/01/2022 11:21
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RNS Number : 5693Z Amur Minerals Corporation 25 January 2022
25 January 2022
AMUR MINERALS CORPORATION
("Amur" or the "Company")
(AIM: AMC)
Response to Press Speculation and Share Price Movement
Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and
resource development company which possesses a wholly owned nickel sulphide
asset located in the far east of Russia, notes the recent share price movement
and press speculation that a potentially interested party has valued the
Company at an indicative price of up to £100 million. The Company confirms
that it is in discussions with a potential purchaser to sell its wholly owned
subsidiary, Irosta Trading Limited, for approximately the indicated price.
Irostra Trading Limited owns the Kun-Manie Project.
Such a disposal would constitute a fundamental change of business under AIM
Rule 15 and therefore be subject to shareholder approval. There can be no
certainty that any agreement will be reached in respect of the proposed
disposal, nor as to the terms of the proposed disposal. A further announcement
will be made in due course.
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 Blytheweigh
Robin Young CEO Richard Morrison Megan Ray
Adam Cowl Tim Blythe
+7(4212)755615 +44(0)20 3470 0470 +44 (0) 20 7138 3203
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