Amur Minerals Corp - Russian Sanctions Update
13/04/2022 07:00
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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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