Receipt of Funds

RNS Number : 9466S

Amur Minerals Corporation

14 March 2023

 

14 March 2023

Amur Minerals Corporation

("Amur" or the "Company")

Receipt of Funds

Amur Minerals Corporation ("Amur" or the "Company"), is pleased to confirm it is in receipt of the agreed consideration, an amount of US$35 million, for the sale of the Company's 100% interest in its nickel - copper sulphide asset, Kun-Manie, located in the Russian Federation.

The Company has previously announced that it will pay a special dividend of 1.8 pence per share to shareholders within 90 days of the receipt of funds.  Further announcements in respect of the dividend dates will be made in due course.

Following the disposal of Kun-Manie on 06 March 2023, Amur Minerals became an AIM Rule 15 cash shell and accordingly, is required to make an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or before the date falling six months from the completion of the disposal, or be re-admitted to trading on AIM as an investing company under AIM Rule 8. Failing that, the Company's ordinary shares would be suspended from trading on AIM pursuant to AIM Rule 40. If the Company's shares remain suspended for six months, admission of the Company's shares will be cancelled.

For further information, and Company updates see the Company website at www.amurminerals.com   twitter page @ amur_minerals.

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 Amur Minerals Corp.	Nomad and Broker S.P. Angel Corporate Finance LLP	Public Relations BlytheRay
Robin Young CEO	Richard Morrison Adam Cowl	Megan Ray Tim Blythe
[phone]	[phone]	[phone]

 

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