Far East and Baikal Region Development Fund Deal

RNS Number : 5141V

Amur Minerals Corporation

10 August 2015

 

10 August 2015

AMUR MINERALS CORPORATION

(AIM: AMC)

The Far East and Baikal Region Development Fund

Financial Advisory Agreement

Amur Minerals Corporation ("Amur" or the "Company") is pleased to announce the signing of a Financial Advisory Agreement ("Agreement") with the Russian Government's Far East and Baikal Region Development Fund ("Fund").  The collaborative Agreement allows Amur to work in partnership with the Fund in attracting financing from within the Russian Federation, Republic of India, and the Peoples Republic of China ("RIC").  This addition to the existing team of advisors provides the Company with a reach into Asian markets to fund and develop the Kun-Manie project along with the participation and assistance of SP Angel Corporate Finance LLP ("SP Angel") who cover markets in the United Kingdom and Europe.

The Fund's Management and Board of Directors are influential and experienced investors, members of the  Russian government and its related financial institutions.  The Fund was established by order of President Vladimir Putin as a state finance development institution, with a mandate to stimulate social and economic development in the vast but sparsely populated Far East region of the country.  Amur's Kun-Manie project is located in the Amur Oblast, which is part of the Far East and borders China.  This is an area rich in natural resources and is key to the government's on-going Far East development plan for the country.

Amur's collaboration with the Fund in the development of Kun-Manie is a major step forward for the project.  The Agreement confirms the Russian Government's commitment to generating growth and additional business opportunities in the Far East and the Company is pleased to be an integral part of Russia's Far East development programme.  In addition to providing new potential sources of capital, the Fund also has the ability to deploy federal financing earmarked for infrastructure development.

Alexei Chekunkov, CEO of Far East and Baikal Region Development Fund, commented:

"We are pleased to begin co-operation with Amur Minerals and are looking forward to supporting the Company in the development of Kun-Manie.  The Far Eastern Federal district of Russia is home to considerable mineral riches and the region needs dynamic companies to bring those resources into production.  Amur Minerals boasts a world-class team and an exceptional asset.  Strategically located in proximity to the world's most dynamic economies, the Company presents a robust investment case."

Robin Young, CEO of Amur Minerals Corporation, commented:

"Sign-off of this Financial Advisory Agreement provides Amur with substantial momentum as we shift from exploration to preproduction development.  It not only confirms Russia's commitment to development of the Far East through both Russian derived funding and that of foreign sources but also provides additional support and backing to our existing shareholders.  As our Kun-Manie nickel sulphide project is located in the Far East, this agreement places Amur in a position to access a broader global reach for funding and financing of the project.  Our ability to action this agreement is a direct result of a decade of efforts through which we, and the Russian authorities have demonstrated that projects can be successfully developed.  The capital available for development of resource projects in Russia, India and China is considerable, and Amur views this as an excellent form of collaboration as we move the project forward."   

Enquiries:

Company Amur Minerals Corp.	Nomad and Broker S.P. Angel Corporate Finance LLP	Public Relations Yellow Jersey
Robin Young CEO	Ewan Leggat Katy Birkin	Dominic Barretto Kelsey Traynor
[phone]	[phone]	[phone]

Notes to Editors

The information contained in this announcement has been reviewed and approved by the CEO of Amur, Robin Young. Mr. Young is a Geological Engineer (cum laude) and is a Qualified Professional Geologist, as defined by the Toronto and Vancouver Stock Exchanges.

Shareholders can read more about the Far East Development Fund at its English-language website link at http://fondvostok.ru/eng/o-fonde/

For further information, see the Company website at www.amurminerals.com. 

 

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