Amur Minerals Corporation (“Amur” or the “Company”) announces that it has entered into a series of placing letters to raise £592,550 by way of a placing of 8,465,000 ordinary shares (the “Placing Shares”) at 7p each (“Placing Price”).
Amur intends to use the proceeds of the Placing primarily to fund ongoing programmes at Kun-Manie, the Company’s main nickel exploration project in the Amur region of Far East Russia, as well as for general operating purposes.
Following the admission of the Placing Shares to trading on AIM, the Company will have 168,568,795 shares in issue.
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