Amur Minerals Corporation (“Amur” or the “Company”), an exploration and development company focused on East Russia, has conditionally agreed to raise £2,590,000, before expenses, by the issue of 7,000,000 Placing Units to institutional and other investors at 37p per Placing Unit (the “Placing”). Banque Cramer & Cie SA (“Banque Cramer”), on behalf of clients, has committed to subscribe for 6,883,000 units, representing 98% of the Placing, and 11.9% of the enlarged share capital of the Company.
A circular is being sent to shareholders today providing further information about the Placing and concerning a meeting of shareholders to increase the Company’s authorised share capital and authorise directors to allot Shares (the “Shareholders’ Meeting”). A copy of the circular will be available for download from www.amurminerals.com/aimrule26.html.
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