Continued Funding Support for DFS for Kun-Manie
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, pursuant to the subscription agreement entered into with Crede CG III Ltd (“Investor”) on 14 December 2015 for the issue of new ordinary shares of no par value in the Company (“Subscription Shares”) with a value of up to £12.5 million with attached warrants (together the “Financing”), the Company allotted, conditional on Admission (as defined below), 64,102,565 Subscription Shares to the Investor at a price of 3.9 pence per share on 20 June 2016 to raise a gross total of £2.5 million. Amur also issued warrants over 48,076,924 ordinary shares of no par value in the Company (“Ordinary Shares”) to the Investor on 20 June 2016 exercisable at a price of 5.07 pence per Ordinary Share for a period of 5 years.